Equinix Supports Growing Demand for Cloud Services with Its Second xScale Data Center in Tokyo

HONG KONG – June 30, 2023 – Addressing the growing demand for cloud services in Tokyo, Japan, Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company^®, today announced the opening of TY13x, its second Tokyo-based xScale^® data center. The new facility will serve the unique core workload deployment needs of hyperscale companies, including the world's largest cloud service providers.

IDC forecasts the Public Cloud Services market in Japan will grow at a compound annual growth rate (CAGR) of 20.8% from 2021 to 2026, and that the market size in 2026 will reach 4,279.5 billion yen, about 2.6 times that of 2021.[1] The opening of TY13x is timely to support the world’s largest cloud service providers in delivering solutions and services that support businesses and the economy in Japan. As hyperscale companies scale their operations at Equinix, the more than 10,000 customers deployed on our Platform will benefit from increased opportunities to directly connect to the largest cloud service providers.

TY13x is the 12^th xScale data center opened in a global portfolio of hyperscale joint ventures that when closed and fully built out, are expected to scale to more than $8 billion of investment across 36 facilities globally with more than 720 megawatts (MW) of power capacity.

Highlights/Key Facts

• Located in the Inzai region and in adjacent to TY12x, TY13x provides 8MW in the first phase and will provide a total capacity of 36MW at full built. Equinix operates 11 Equinix International Business Exchange^® (IBX^®) data centers in Tokyo, providing reliable interconnection between hyperscale customers, enterprises, as well as strategic network access to international and major local internet exchanges, including JPIX, JPNAP, BBIX and Equinix Internet Exchange. Hyperscale customers in TY13x will have the ability to connect with these ecosystems via their selected Network Providers.
• In the 71 metros where Equinix operates IBX data centers, more than 40% of hyperscale on-ramp nodes are in Equinix, more than any other providers. Equinix’s data center campus in Tokyo also provides the most cloud on-ramps in Tokyo, including Alibaba Cloud, Amazon Web Services, Google Cloud, IBM Cloud, Microsoft Azure, Oracle Cloud.
• According to the Global Interconnection Index 2023, a market study announced by Equinix, Tokyo continues to lead the Asia-Pacific region in terms of the growth of interconnection bandwidth. Interconnection bandwidth in Tokyo is projected to reach 1,758 terabytes per second (Tbps) by 2025 with approximately 40% expected to come from cloud and network service providers.
• Equinix has opened 12 xScale data centers globally, including TY12x and TY13x in Tokyo, OS2x in Osaka, SY9x in Sydney, DB5x in Dublin, FR9x and FR11x in Frankfurt, PA8x and PA9x in Paris, LD11x and LD13x in London, and SP5x in São Paulo, providing nearly 175 MW of operational xScale capacity, with an additional 9 xScale builds under development representing over 80 MW of incremental capacity to be delivered through 2024.
• In Japan, Equinix has leased approximately 20MW of capacity across the TY12x and OS2x facilities with a strong funnel of opportunities.

Quotes

• Satoshi Matsumoto, Software and Services Research Director, IDC Japan
  Business awareness of digital transformation and data-driven business in Japan is growing. The growing use of public cloud services is accounting for a larger share of IT spending, and an increasing number of companies are making more efficient use of these services. Therefore, we believe the demand for hyperscale data center services will continue to surge as cloud service providers need to expand their capacity to serve the rising cloud deployments of their end customers."
• Kuniko Ogawa, Managing Director, Japan, Equinix
  “I’m very excited for both our hyperscale customers and businesses which rely on them to compete and grow in this digital-first economy. The opening of TY13x will meet the unique   technical and operational requirements of hyperscalers as they support businesses in the world’s third largest economy in transforming to meet the opportunities of an interconnected, digital-first economy. The expanded cloud connectivity on Platform Equinix^® will also allow businesses to connect quickly and securely to any cloud service provider of their choice.”

Additional Resources

• Hyperscalers Expand Beyond Core Locations for Proximity and Speed [blog]
• Equinix and PGIM Real Estate Open First xScale™ Data Center in Sydney for Hyperscalers [press release]
• Equinix and GIC to Add $3.9B to Expand xScale Data Center Program [press release]
• Global Interconnection Index 2023 [market study]

About Equinix
Equinix (Nasdaq: EQIX) is the world’s digital infrastructure company^®. Digital leaders harness Equinix’s trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.

Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, risks to our business and operating results related to the COVID-19 pandemic; the current inflationary environment; foreign currency exchange rate fluctuations; increased costs to procure power and the general volatility in the global energy market; the challenges of acquiring, operating and constructing IBX^® and xScale^® data centers and developing, deploying and delivering Equinix products and solutions; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; risks related to our taxation as a REIT and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent and upcoming Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.

Equinix Media Relations (Asia-Pacific)
Equinix
Annie Ho
+852 2970 7761
annho@ap.equinix.com

Media Contact (Hong Kong)
TEAM LEWIS
Ivan Leung
+852 3002 3761
equinixHK@teamlewis.com