Exclusive-TikTok to build a second billion-euro data centre in Finland
Source: The Star
Published on: 2026-04-08 03:00
HELSINKI/STOCKHOLM, April 8 (Reuters) - TikTok plans to invest 1 billion euros ($1.16 billion) to build a second data centre in Finland in less than a year as it moves data storage for European users to the continent, company officials said on Wednesday. The announcement comes as TikTok's Chinese parent ByteDance in January avoided a U.S. ban over data protection concerns and as European nations ratchet up pressure on social media companies to protect children from their addictive algorithms. TikTok said it was making a new 1 billion euro investment in a data centre with an initial capacity of 50 megawatts (MW) and a total potential capacity of 128 MW in Lahti, located in southern Finland. The investment is part of the company's "12 billion (euro) European data sovereignty initiative delivering industry-leading protections for the data of over 200 million European users," it told...
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