The World’s Biggest AI Data Centre will be constructed in Jeollanam-do Province, South Korea. This information was confirmed on Wednesday, following the Wall Street Journal’s report on the data centre project.
The province is expected to make an announcement regarding the data center project next week. This is as per the information by an official from the South Jeolla provincial government. Additionally, an investment firm of this planned data center project, founded by Brian Koo, who is the grandson of the founder of LG, also issued a statement on the same.
Project Factsheet
Location: The data center will be located in the Jeollanam-do Province.
Investment: The project is estimated to cost around $35 billion.
Power Capacity: It will have a 3-gigawatt power capacity. This is three times the capacity of the ongoing Stargate project in the United States.
Construction Timeline: Construction is set to begin in late 2025 and is expected to be completed by 2028.
Initial Revenue: The data center is projected to generate an initial annual revenue of $3.5 billion.
Job Creation: The project is expected to create over 10,000 jobs across various sectors.
Technological Features: The data center will feature advanced cooling systems, enhanced fiber bandwidth for both regional and global connectivity, and the capability to handle substantial and sudden energy fluctuations.
Economic Impact: Beyond promoting AI innovation, this development promises significant economic benefits for South Korea, positioning it prominently in the rapidly expanding data center services market
Cost of the World’s Biggest AI Data Center
According to reports, this upcoming data center project will cost as much as $35 billion. In terms of capacity, the data center will feature up to 3 gigawatts of power, which is three times that of the currently ongoing Stargate Project in the United States.
Also read: Neom and DataVolt to build 1.5GW AI data center in Oxagon for $5 billion
Key Timelines of the Project
Lastly, Stock Farm Road, a new venture capital firm led by Koo and Amin Badr-El-Din, mentioned in the statement that it had signed a memorandum of understanding (MOU) with the province to initiate the construction this year (2025) and complete it by the year 2028.
“Originally, the project size is estimated more than $10 billion with the potential to reach $35 billion,” the statement said. “Construction of the world’s biggest AI data center by capacity, with an estimated initial annual revenue of $3.5 billion is set to go ahead in 2025 in Korea.
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