Technology

Amazon's AWS to invest $236 million in Brazil

The company will use the amount to expand its data centers in the country

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AWS, Amazon‘s cloud computing service, announced at an event this Wednesday (5) that it will invest $236 million (about BRL$ 1 billion) in Brazil.

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According to the company, the money will be invested over the next two years in the expansion of data centers in the state of São Paulo to serve the company’s growing customer base in South America.

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In 2019, the company had already announced a plan to expand data centers in Colombia to serve customers in Latin America as a whole.

The company did not give further details about the investment. But the consultancy iPropUp said that sources from the market said that Argentina and Chile are still on the run to attract new investments from AWS.

In an article for Yahoo Finance, Federico McDougall from iPropUp said that the negotiation with Argentina and Chile started at least four years ago, when the company announced plans to install a data center for South America outside Brazil. The investment in Brazil came with a certain dose of surprise, but also according to McDougall that doesn’t mean that Argentina e Chile are cards off the table in the close future.