business / news / / Reuters
TikTok plans to invest 1 billion euros ($1.16 billion) to build a second data centre in Finland.
TikTok will invest 1 billion euros in a second Finnish data centre in Lahti.
KEY POINTS
- The new Lahti data centre will have an initial capacity of 50 MW, expandable to 128 MW.
- TikTok's first Finnish data centre in Kouvola is set to be operational by the end of 2024.
- Finnish politicians were not informed about TikTok's first data centre before its approval, raising security concerns.
- TikTok currently stores European user data in Norway, Ireland, and the U.S. with enhanced safeguards.
COMPANIES
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