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IT Hardware News

Recent industry report about IT Hardware company news, including latest market trends and industry updates in 2024. This sector news is compiled by ÌÇÐÄvlog´«Ã½â„¢ IT Hardware Market industry experts.

IT Hardware News

  • May 2023 - The IT hardware PLI 2.0 aims to increase India's output and presence in the global IT hardware/servers/laptop value chains. PLI 2.0 for IT hardware would catalyze India's USD300 billion electronics manufacturing ambition, a key component of its country's trillion-dollar digital economy aim.
  • April 2023 - Samsung Electronics and AMD announced a multi-year cooperation renewal to bring many generations of high-performance, ultra-low-power AMD Radeon graphics solutions to an extended array of Samsung Exynos SoCs.
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  • March 2023: STULZ, a Hamburg-based company specializing in mission-critical air conditioning, announced a significant advancement in its industry-leading CyberAir 3PRO DX series. Some units in this series are now compatible with the low-global-warming-potential (GWP) refrigerant R513A. This breakthrough development underscores the company's ongoing commitment to providing the most sustainable air conditioning systems for data centers. Furthermore, STULZ expanded its product portfolio to incorporate R513A refrigerant in more of its offerings, reinforcing its dedication to eco-friendly solutions which is also available in Hong Kong.
  • March 2023: LiquidStack announced a significant investment from HVAC company Trane Technologies to propel immersion cooling technology to new heights. LiquidStack's proprietary liquid immersion cooling technology represents a leap in sustainable data center cooling. These immersion cooling solutions align seamlessly with the company's ambitious sustainability goals, including a commitment to reduce carbon emissions within its customer base by a staggering 1 billion tons by 2030 and the ultimate achievement of net-zero emissions by 2050. This technology also offers substantial benefits to its users, contributing to their sustainability objectives.
  • August 2023: Singtel, in collaboration with the Infocomm Media Development Authority (IMDA), initiated the construction of a cutting-edge data center in Singapore. Dubbed DC Tuas, this eight-story facility, upon its scheduled completion in 2025, will boast an impressive 58 MW of IT load capacity spread over 120,000 sq. ft. The data center will seamlessly integrate with Singtel's cable landing station (CLS).
  • March 2023: Megawide Construction Corporation signed an agreement with a Singapore-based group to build a data center worth USD 300 million to support the pivoting of digital infrastructure in the country. The project involves the long-term development of a 69 MW colocation data center, resulting in opportunities for the vendors in the market.
  • May 2024: ST Telemedia Global Data Centres (STT GDC) broadened its presence in Vietnam by acquiring a data center in Ho Chi Minh City and preparing for a second facility. Teaming up with VNG Corporation, a local technology firm, STT GDC unveiled plans for the "development, construction, and operation of data center projects" in Ho Chi Minh City. The first of these projects, situated in Tan Thuan, 1.5 km away, is slated for completion by the first half of 2026, boasting a capacity of up to 60 MW.
  • May 2024: A prominent Chinese tech company, Alibaba, established a data center in Vietnam. While specifics such as timelines and costs remain undisclosed, Dang Minh Tam, the solution architect lead at Alibaba Cloud, emphasized Vietnam's appeal, noting its untapped market potential and ample room for expansion.
  • June 2024: Scala, a prominent Brazilian data center operator, initiated construction on a new facility in Fortaleza. Situated at Av. Aldy Mentor, 371 - Manoel Dias Branco, in the state of Ceara, the campus is set to deliver an initial capacity of 7.2 MW. Employing Scala's innovative FastDeploy model, the first building, spanning 9,700 sq. m (104,410 sq. ft), will be followed by a second building covering 10,000 sq. m (107,640 sq. ft) and boasting a capacity of 13.5 MW. Additionally, the campus will house an on-site substation. The entire project is slated for completion by 2028.
  • May 2024: Equinix announced a USD 94 million investment in its third data center in Rio de Janeiro, Brazil. The RJ3 facility will be situated in the Sao Joao de Meriti municipality, approximately 30 km from the Botafago neighborhood. With an anticipated opening in 2025, the data center will span 1,467 sq. m (15,800 sq. ft) and house 560 racks for colocation services.
  • January 2024: Angola Cables announced its plans to construct a new data center in Fortaleza, Brazil. The company is set to invest approximately BRL 400 million (USD 80 million) in this endeavor, marking its second data center in the Ceara state capital. The new facility, spanning 960 sq. m (10,335 sq. ft), will be situated adjacent to the company's current data center. Construction is slated to commence in the latter half of 2024, with completion expected in 2025.
  • May 2024: Edgnex, a UAE-based data center company, announced plans to construct a 15 MW data center in Jakarta, Indonesia. The facility will be situated along MT Haryono, with the first phase of construction set for completion in the fourth quarter of 2025.
  • June 2023: DCI Indonesia, a data center firm, unveiled its second building, H2-02, at its campus located outside Jakarta. The new 12 MW addition brings the total power capacity of the H2 campus to 27 MW, spanning two buildings. Situated on a sprawling 791-ha site in Karawang, east of Jakarta, the company's H2 campus boasts a massive capacity of up to 600 MW.
  • March 2023: In a significant move, managed service provider Interactive unveiled its immersion data center cooling solution with the primary goal of enhancing high-performance computing (HPC) capabilities for its valued clientele. Collaborating closely with digital infrastructure provider Vertiv, Interactive integrated cutting-edge Green Revolution Cooling tanks into its system. This innovative approach employs a single-phase, non-conductive coolant that guarantees the safety of electrical components and boasts an impressive heat transfer capacity, surpassing that of traditional air cooling by 1,200 times.
  • March 2023: LiquidStack, a prominent player in the field, recently secured a strategic investment from Trane Technologies, an HVAC industry leader, to push the boundaries of immersion cooling technology. LiquidStack's exclusive liquid immersion cooling system represents a leap in sustainable data center cooling practices. This advancement aligns seamlessly with the company's ambitious sustainability objectives, including a commitment to reduce carbon emissions within its customer footprint by a staggering 1 billion tons before 2030 and achieving complete net-zero emissions by 2050. LiquidStack's immersion cooling solutions also provide substantial benefits to its clients.
  • April 2024: Atman secured PLN 1.35 billion (~USD 345 million) in funding to advance its projects in Poland. The primary focus of this funding is the expansion of Atman's WAW-3 DC campus, which saw its groundbreaking in October 2023. Situated in Duchnice, just outside Warsaw, this data center is slated to encompass three buildings, offering a combined colocation area of nearly 19,000 sq. m (204,515 sq. ft) spread across 36 data halls. Once completed, it is expected to boast a capacity of 43 MW, capable of accommodating 50,000 servers.
  • January 2023: Atman, a prominent data center operator in Poland, announced its plans to enhance its presence in Warsaw by expanding its Warsaw-1 campus. The upcoming F7 building will boast a substantial 7.2 MW capacity, spread over 2,916 sq. m (31,390 sq. ft). Each of its 12 data rooms will be generously equipped with 600 kW. Situated at 21 A Grochowska Street, construction at the campus is already underway, with the building slated for completion by 2025.
  • February 2024: Unnax, a Barcelona-based embedded finance fintech, solidified its role as a pivotal player in Europe's embedded finance ecosystem by broadening its service offerings. Launching in 2024, the tech firm introduced payment accounts featuring a Spanish IBAN. Catering to non-financial enterprises, the company offers technological solutions to digitize and streamline financial operations alongside a banking infrastructure that seamlessly integrates financial services, such as payment gateways.
  • December 2023: Codego, a white-label card issuer, has expanded its offerings. In addition to providing global payment gateway and processing solutions for expense card businesses and consumers, Codego now offers white-label solutions tailored for financial institutions and banks. These services are available in several countries, including Spain.
  • May 2024: Stulz unveiled its latest innovation, the CyberCool Coolant Management and Distribution Unit (CDU), specifically engineered to optimize heat exchange efficiency in liquid cooling solutions. The product line comprises four models, available in two distinct sizes. These units boast an impressive heat exchange capacity, ranging from 345 kW to 1,380 kW. Stulz set the rated water supply temperature for the facility water system at 32°C (89.6°F), with the liquid supply temperature for the technology cooling system pegged at 36°C (96.8°F).
  • May 2024: Rittal, in collaboration with multiple hyperscale data center operators, developed a modular cooling system. This solution boasts a cooling capacity exceeding 1 MW, achieved through direct water cooling. It is specifically tailored to cater to the high-power densities of AI applications.
  • July 2024: In Vienna, Austria, a data center in the Floridsdorf neighborhood turned data into warmth for a nearby public hospital. In collaboration with regional energy provider Wien Energie, Digital Realty's facility employed a heat pump system to supply heat to Klinik Floridsdorf Hospital, located just 150 m (490 ft) away.
  • November 2023: EkkoSense appointed Artur Faust as the DACH Sales Manager, spearheading the company's expansion into the German, Austrian, and Swiss markets. EkkoSense's EkkoSoft Critical, an AI-driven optimization software, promises measurable reductions in cooling energy consumption, complemented by automated ESG reporting features.

IT Hardware Industry Size - Market Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)