TikTok announced it will invest €1 billion to build a new data center in Lahti, marking its second €1 billion data center project in Finland. The company said the investment is part of its €12 billion Project Clover, which aims to process and safeguard data for more than 200 million European users. TikTok also noted that it is progressing as planned with the data center project in Kouvola, which was announced last year.
This move aims to accelerate data localization, strengthen privacy protection and compliance capabilities, and respond to regulatory requirements under the General Data Protection Regulation as well as rules on the protection of minors. It also seeks to optimize operational costs by leveraging Finland’s low-carbon energy resources and stable policy environment. [TechNode Reporting]
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