Nokia CEO says data centres would go up twice as fast if supply allowed

Nokia’s chief executive Justin Hotard says the industry would build data centres twice as fast if memory and energy supply allowed, and that demand would hold even without a new frontier model for three years. Bain and a paper presented at the Brookings Papers on Economic Activity both question whether the revenue exists to pay for what is already being built.

Nokia’s chief executive says the industry would build data centres twice as fast if it could. Justin Hotard told CNBC that nothing about the present pace counts as overbuilding. A paper presented in Washington last month puts the eventual bill at $10.3T.

“If we could build 2x faster, our customers could build 2x faster, they probably would,” he said on CNBC’s The Tech Download podcast. That is why he thinks the buildout is still early. Memory chips and energy are the shortages he named.

Hotard ran...

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