business / news / / U.S. News & World Report
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 data centre in Lahti, Finland.
KEY POINTS
- The new Lahti data centre will have an initial capacity of 50 MW, expandable to 128 MW.
- Finland's defence ministry approved TikTok's first data centre, but politicians were not informed beforehand.
- TikTok's first Finnish data centre in Kouvola will be operational by the end of 2024.
COMPANIES
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