Data centers are set to be key engines for growth in an increasingly digital world.
On Saturday, the Nikkei, a Japanese news daily has reported, Mitsubishi Corp, a Japanese trading house, plans on setting up a joint venture with Digital Realty Trust, a U.S. data center operator, to bold 10 data centers in Japan by 2022 for $1.8 billion (200 billion yen).
Tokyo-based Mitsubishi expects the data centers to help meet growing demand for data storage from Digital Realty’s customers.
The Nikkei has reported, without citing sources, Mitsubishi expects a turnover in the range of 20 billion yen to 30 billion yen in 2022.
Furthermore, both companies could additionally sink in 300 billion yen in the medium term.
Mitsubishi could not be reached for comment.