Chunghwa Telecom Co (CHT, 中華電信), the nation’s biggest telecom operator, yesterday launched its new cloud computing data center in a bid to accelerate the nation’s digital economy and industry transformation.

“We aim to elevate Taiwan to one of the leading data hubs in Asia and attract international businesses, such as over-the-top content providers, as well as boosting the nation’s financial technology development,” chairman Rick Tsai (蔡力行) said at the facility’s opening ceremony in New Taipei City’s Banciao District (板橋).

The international data corp facility covers 90,000m2, has 4,500 server racks and cost NT$13 billion (US$407 million) to build, the company said.

The complex is adjacent to the Taiwan Stock Exchange and the Taiwan Futures Exchange data facilities to achieve low latency for financial-sector clients, the company said, adding that it provides virtual private network solutions to more than 80 percent of local brokerages.

Read the full story at taipeitimes.com.