Social media network Facebook will build its first data center in Asia in Singapore, investing more than $1 billion.
The US technology company said the data center facility will be coming up in the west of the island. Google said last month that it is building its third Singapore data center as mobile growth, e-commerce and cloud computing demand are set to explode in the region.
“This will be our first data center in Asia,” said Thomas Furlong, Facebook’s vice president of infrastructure data centers.
Facebook said the 170,000 square meter facility represents an investment of more than S$1.4 billion ($1 billion) and will support hundreds of jobs.
Reuters reported that shares of Facebook and Twitter fell on Wednesday as their executives testified before the US Congress, defending the companies against what lawmakers see as a failure to combat foreign efforts to influence US politics.
Facebook fell 1.6 percent and Twitter 5.2 percent. Shares of other tech companies, including Alphabet and Snap, were also down.
Twitter CEO Jack Dorsey said in his prepared remarks that a relatively small number of bad-faith actors were able to game Twitter to have an outsized impact.
Facebook COO Sheryl Sandberg acknowledged to the Senate Intelligence Committee that the company was too slow to respond to Russian efforts to interfere in the 2016 U.S. election and general American political discourse, but insisted it is doing better.