Amazon Web Services plans $8.4 billion cloud investment in Germany

FILE PHOTO: A logo for Amazon Web Services (AWS) is seen at the Collision conference in Toronto, Ontario, Canada June 23, 2022. Picture taken June 23, 2022. REUTERS/Chris Helgren/File Photo

STOCKHOLM (Reuters) - Amazon Web Services (AWS) said on Wednesday it plans to invest 7.8 billion euros ($8.44 billion) in Germany through 2040 as it builds a cloud computing infrastructure specifically for Europe.

AWS last year announced plans to store data on servers located in the European Union to protect data privacy for government and customers in highly regulated industries.