logo
Planned data centre could create up to 1,000 jobs

Planned data centre could create up to 1,000 jobs

Yahoo29-05-2025
Up to 1,000 jobs could be created by a new artificial intelligence data centre in North Lincolnshire.
A planning application has been submitted for the "AI data centre campus" by the A15 next to Elsham Wolds Industrial Estate.
It would cover up to 435 acres (176 hectares) of agricultural fields.
According to the Local Democracy Reporting Service (LDRS), construction costs are estimated as between £5.5bn and £9bn, excluding the cost of the computing equipment.
The outline application suggests it could comprise up to 15 individual data centre buildings as well as a greenhouse complex and energy centre, the LDRS said.
An estimated 2,600 to 3,600 jobs a year on and off site would be supported during the ten-year construction of the facility, according to the LDRS.
A proposed energy centre on site would produce up to 49.9MW of electricity a year.
Next to it would be a greenhouse complex, using waste heat from the cooling of the data centre buildings to grow agricultural produce.
An economic report for the greenhouse predicts it could grow 4,728 tonnes of tomatoes a year supporting an estimated 64 jobs on and off site.
There would also be a creche, café, gym and small shop which would be available to workers at the existing industrial estate.
Last year, North Lincolnshire Council approved plans for a £2.2bn data centre by the A180 near South Killingholme, which it said would create almost 400 jobs.
The application for the Elsham Wolds development is open for residents' comments until 26 June.
Listen to highlights from Lincolnshire on BBC Sounds, watch the latest episode of Look North or tell us about a story you think we should be covering here.
Second data centre could bring jobs, council told
Data centre approval could create almost 400 jobs
Local Democracy Reporting Service
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Plans for 415-home development set for approval
Plans for 415-home development set for approval

Yahoo

time4 days ago

  • Yahoo

Plans for 415-home development set for approval

Plans to build 415 homes on the edge of Hinckley as the second phase of a massive new housing estate are set to be approved. Richborough Estates has earmarked land north of the A47 Normandy Way for the properties. Plans for the homes were submitted to Hinckley and Bosworth Borough Council last year after the company won permission at appeal to build 475 houses on an adjacent site. Planning officers have advised councillors to approve the application for the smaller development at a meeting on Tuesday despite objections from nearby residents. Concerns include potential traffic issues, the impact on existing infrastructure, including GP surgeries and schools, and the loss of green land, the Local Democracy Reporting Service said. But, in a report, council officers said the new homes were "a significant benefit", which would outweigh any impact on the landscape. Their report also states that the first phase of the project gaining planning permission at appeal was a major consideration in deciding whether councillors should approve the application. According to the document, 83 of the homes must be set aside by the developer as affordable housing, and financial contributions of more than £5m are being requested from Richborough Estates for health, education, roads, sports provision, library and other local facilities and services. Access to the development, if approved, would be from a new roundabout on the A47 Normandy Way. The developer previously said the two developments would be separated by a large park. There will also be other public green spaces, including play areas for children, according to planning documents. Follow BBC Leicester on Facebook, on X, or on Instagram. Send your story ideas to eastmidsnews@ or via WhatsApp on 0808 100 2210. More on this story Developer earmarks 900-home housing estate for town Developer sets out new details for 475-home estate Warning new homes traffic will 'strangle' town Related internet links Local Democracy Reporting Service Hinckley and Bosworth Borough Council

Tesla deal could help boost Samsung's foundry business
Tesla deal could help boost Samsung's foundry business

Miami Herald

time30-07-2025

  • Miami Herald

Tesla deal could help boost Samsung's foundry business

SEOUL, July 30 (UPI) -- South Korea's Samsung Electronics announced it has signed a $16.5 billion, eight-year contract to supply semiconductors to an unnamed global company, noting full details will be disclosed on Jan. 3, 2033. Just hours later on Tuesday, however, Tesla CEO Elon Musk confirmed that Tesla was the buyer and Samsung's new Texas factory, which is being built, will produce next-generation AI processor A16 chips for Tesla. Samsung, which rolls out A14 chips, lost out on the A15 chip deal to archrival TSMC, but managed to succeed in A16 chips. Samsung's Texas foundry is a flagship project in its plan to invest more than $37 billion in the United States by 2030. "Samsung agreed to allow Tesla to assist in maximizing manufacturing efficiency. This is a critical point, as I will walk the line personally to accelerate the pace of progress," Musk said in a post on X. The announcement prompted investors to snap up Samsung shares, and its stock price has jumped more than 11% on the Seoul bourse. The world's largest memory chipmaker has underperformed in the stock market due to challenges in the advanced high-bandwidth memory business. On a brighter note for Samsung's troubled foundry business, Musk said that $16.5 billion is just the "bare minimum," and actual output is likely to be "several times higher." Musk's comments fueled speculation that Samsung could win additional Tesla orders, such as the Dojo 2 chips, which are designed to train deep neural networks used in self-driving. "Musk's remarks suggest that orders may expand to include Dojo 2 chips, as well," NH Investment & Securities analyst Ryu Young-ho said in a market report. Observers believe that the mega-sized contract will anyhow help Samsung's foundry business turn around in terms of profitability and market share in a competition with the runaway leader TSMC of Taiwan. According to Taipei-based business tracker TrendForce, TSMC's first-quarter market share stood at 67.6% in the global foundry business while that of Samsung Electronics was 7.7%. Against this backdrop, Samsung's foundry business has suffered billions of dollars in annual losses over the past few years. Samsung's contract with Tesla is also expected to affect the rivalry of leading foundry companies to master next-generation 2-nanometer-based technology. TSMC's yield rate in 2-nm process is reportedly about 70% compared to less than 60% of Samsung. Yield rate, in semiconductor manufacturing, refers to the percentage of usable, defect-free chips produced from a single wafer. "Thus far, Samsung has struggled to raise its yield rate in the 2-nm semiconductors to fall behind TSMC," SungKyunKwan University semiconductor professor Choi Byoung-deog told UPI. "The contract with Tesla demonstrates that Samsung's 2-nm yield has substantially improved. If Samsung secures more deals with such big-tech companies as Qualcomm and Apple, it will be able to start catching up with TSMC," he said. Korea Advanced Institute of Science and Technology professor Kim Joung-ho agreed. "Samsung should prove its efficiency and high yields with Tesla. Then, other major high-tech companies will show more interest in its foundry business," Kim said in an interview. When it comes to the share price of Samsung Electronics, experts claim that the company needs to make a breakthrough in the lucrative HBM business, which is dominated by Samsung's local rival, SK hynix. "If Samsung Electronics manages to supply cutting-edge HBMs to Nvidia, its share price would instantly surge," economic commentator Kim Kyeong-joon, formerly vice chairman at Deloitte Consulting Korea, said in a phone interview. "The three-way alliance involving Nvidia, SK hynix and TSMC is quite strong. But Nvidia may want to diversify its HBM suppliers, offering Samsung a potential opportunity. Samsung should find ways to satisfy Nvidia," he said. The Tesla order came shortly after Samsung Electronics Chairman Lee Jae-yong was cleared of criminal charges of accounting fraud and stock manipulation related to a merger between two Samsung units in 2015. Earlier this month, the country's Supreme Court acquitted Lee, putting an end to his prolonged legal battles. Copyright 2025 UPI News Corporation. All Rights Reserved.

Tesla deal could help boost Samsung's foundry business
Tesla deal could help boost Samsung's foundry business

UPI

time30-07-2025

  • UPI

Tesla deal could help boost Samsung's foundry business

Samsung Electronics headquarters in South Korea. The company has signed a $16.5 billion contract to supply semiconductors to Tesla, according to the auto company's Elon Musk. Photo courtesy of Samsung Electronics SEOUL, July 30 (UPI) -- South Korea's Samsung Electronics announced it has signed a $16.5 billion, eight-year contract to supply semiconductors to an unnamed global company, noting full details will be disclosed on Jan. 3, 2033. Just hours later on Tuesday, however, Tesla CEO Elon Musk confirmed that Tesla was the buyer and Samsung's new Texas factory, which is being built, will produce next-generation AI processor A16 chips for Tesla. Samsung, which rolls out A14 chips, lost out on the A15 chip deal to archrival TSMC, but managed to succeed in A16 chips. Samsung's Texas foundry is a flagship project in its plan to invest more than $37 billion in the United States by 2030. "Samsung agreed to allow Tesla to assist in maximizing manufacturing efficiency. This is a critical point, as I will walk the line personally to accelerate the pace of progress," Musk said in a post on X. The announcement prompted investors to snap up Samsung shares, and its stock price has jumped more than 11% on the Seoul bourse. The world's largest memory chipmaker has underperformed in the stock market due to challenges in the advanced high-bandwidth memory business. On a brighter note for Samsung's troubled foundry business, Musk said that $16.5 billion is just the "bare minimum," and actual output is likely to be "several times higher." Musk's comments fueled speculation that Samsung could win additional Tesla orders, such as the Dojo 2 chips, which are designed to train deep neural networks used in self-driving. "Musk's remarks suggest that orders may expand to include Dojo 2 chips, as well," NH Investment & Securities analyst Ryu Young-ho said in a market report. Observers believe that the mega-sized contract will anyhow help Samsung's foundry business turn around in terms of profitability and market share in a competition with the runaway leader TSMC of Taiwan. According to Taipei-based business tracker TrendForce, TSMC's first-quarter market share stood at 67.6% in the global foundry business while that of Samsung Electronics was 7.7%. Against this backdrop, Samsung's foundry business has suffered billions of dollars in annual losses over the past few years. Samsung's contract with Tesla is also expected to affect the rivalry of leading foundry companies to master next-generation 2-nanometer-based technology. TSMC's yield rate in 2-nm process is reportedly about 70% compared to less than 60% of Samsung. Yield rate, in semiconductor manufacturing, refers to the percentage of usable, defect-free chips produced from a single wafer. "Thus far, Samsung has struggled to raise its yield rate in the 2-nm semiconductors to fall behind TSMC," SungKyunKwan University semiconductor professor Choi Byoung-deog told UPI. "The contract with Tesla demonstrates that Samsung's 2-nm yield has substantially improved. If Samsung secures more deals with such big-tech companies as Qualcomm and Apple, it will be able to start catching up with TSMC," he said. Korea Advanced Institute of Science and Technology professor Kim Joung-ho agreed. "Samsung should prove its efficiency and high yields with Tesla. Then, other major high-tech companies will show more interest in its foundry business," Kim said in an interview. When it comes to the share price of Samsung Electronics, experts claim that the company needs to make a breakthrough in the lucrative HBM business, which is dominated by Samsung's local rival, SK hynix. "If Samsung Electronics manages to supply cutting-edge HBMs to Nvidia, its share price would instantly surge," economic commentator Kim Kyeong-joon, formerly vice chairman at Deloitte Consulting Korea, said in a phone interview. "The three-way alliance involving Nvidia, SK hynix and TSMC is quite strong. But Nvidia may want to diversify its HBM suppliers, offering Samsung a potential opportunity. Samsung should find ways to satisfy Nvidia," he said. The Tesla order came shortly after Samsung Electronics Chairman Lee Jae-yong was cleared of criminal charges of accounting fraud and stock manipulation related to a merger between two Samsung units in 2015. Earlier this month, the country's Supreme Court acquitted Lee, putting an end to his prolonged legal battles.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store