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Google will spend more than $13 billion to expand data centers and offices in U.S. this year

Alphabet Inc’s Google has announced on Wednesday that this in the United States, it will be spending more than $13 billion on building new offices and data centers.

The new move of investing more will make the Google able not only to increase its staff by tens of thousands but will also create more than 10,000 thousand construction related jobs in Nevada, South Carolina, Nebraska, Virginia, Ohio, Oklahoma and Texas, said Sundar Pichai, Chief Executive Officer of Google, in a blog post.

At these locations company is in plans to expand its existing data centers.

The new investment will also expand the footprints of Google in 24 out of the 50 states in the United States, while it will remain expanding its presence in Washington and Chicago and would also double its workforce in Georgia and Virginia, according to the blog post.

Earlier in last year, company had already added more than 10,000 people to its workforce in the United States and had made investments of over $9 billion.

Costs and expenses booked by Google in its fourth quarter results were $31.07 billion which were 26 percent more than that of same quarter in previous year, while company reported capital expenditure of $7.08 billion for the same quarter which rose by 64 percent.

Google in its strategy to better compete with rivals like Microsoft and Amazon Web Service, has been building out data centers not only to boost up its cloud business by providing reliable and fast computing resources and access to large corporate clients and government agencies, but these data centers has also been used to serve Gmail, YouTube as well as Google’s core search engine.

Google is also planning to expand in areas of San Jose near to its headquarter at Mountain View, and saw some forces pushing it back on its expansion plans but has not seen any stronger local opposition.

Maria Wiggins

Written by Maria Wiggins

Maria Wiggins:- News Stories
I am Maria Wiggins and I have over 11 years experience in the Technology industry giving me a vast understanding of how news affects the financial markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.

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