SINGAPORE -- Facebook will invest more than $1.4 billion Singapore dollars ($1 billion) to open its first custom-built Asian data center here in order to improve efficiency and sustain regional growth amid sluggishness in user growth in the U.S. and Europe.
Facebook currently rents space for its data center. The new 11-story facility in western Singapore's Jurong area will offer 170,000 sq. meters of floor space. Partial operations are expected to begin in 2022.