Microsoft Shelves $1 Billion Ohio Data Center Plans Amid Global Project Withdrawals: 'We Are Slowing Or Pausing Some Early-Stage Projects'

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Microsoft Shelves $1 Billion Ohio Data Center Plans Amid Global Project Withdrawals: 'We Are Slowing Or Pausing Some Early-Stage Projects' - Benzinga

Quick Summary:

What Happened: Microsoft has backed out of its earlier commitment to invest $1 billion in three data center campuses located in New Albany, Heath, and Hebron. This decision aligns with the company’s recent trend of pulling out from data center projects across the US, Europe, APAC, and the U.K., reported The Columbus Dispatch.

Microsoft Corporation (NASDAQ:MSFT) has decided to suspend its billion-dollar data center project in Licking County, Ohio.This decision marks the most recent in a line of data center project cancellations by the software behemoth.

The original plans, unveiled in October, involved a $420 million investment for the New Albany data center campus, which had been granted a 15-year tax abatement by the City Council.