
South Korean firm Magna PFV finally gets green light for Goyang City data center
Project has been approved, almost cancelled, rejected, and approved again in the last 18 months
Project has been approved, almost cancelled, rejected, and approved again in the last 18 months
Facility to launch later this year
Company also planning AI data center in future
Company to acquire land owned by LG's display manufacturing unit
12-story building can house more than 200,000 servers
Expected to be ready for operations in Q1, 2024
Part of wider plan to fund key technologies
Fund raising $700 million for project in Goyang City outside Seoul
Company vows to expand cloud offering to external customers
Naver gets some competition