AM Group secures land allocation for AI compute hub in UP
pre-market1 source ↓written by the desknot a recommendation
- develop the first
- 350 MW
- in Uttar Pradesh
- 1 GW AI compute hub
- phases will include
- 150 MW
- capacities
- 200 MW
- and full capacity
- 2028
AM Group's affiliate, AM AI Labs, received a letter of intent from the Yamuna Expressway Industrial Development Authority for land allocation to develop the first 350 MW of its 1 GW AI compute hub in Uttar Pradesh. The initial phases will include 150 MW and 200 MW capacities, with completion expected by 2028 and full capacity by 2030. This project represents a USD 25 billion investment, deploying approximately 500,000 high-performance chips.
This significant development may enhance investor sentiment in the tech and infrastructure sectors as it aligns with India's push for advanced computing capabilities.
Not investment advice. For informational purposes only.