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Cognizant to Invest $183 Million in New India Campus, Creating 8,000 Jobs

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Software services company Cognizant Technology Solutions announced plans to invest approximately 15.82 billion rupees ($182.76 million) to build a new campus in Vishakhapatnam, a city in southern India. The project is expected to generate about 8,000 jobs, with commercial operations scheduled to start in March 2029, according to an Andhra Pradesh government press release.

Cognizant did not immediately respond to requests for comment. This announcement follows a similar move by India’s leading IT firm, Tata Consultancy Services (TCS), which recently revealed plans to develop a 13.7 billion rupee campus in the same city, projected to create 12,000 jobs.

The investment aligns with Cognizant’s strategy to optimize real estate costs by shifting focus from India’s major metropolitan areas to tier-2 cities. CEO Ravi Kumar S highlighted in May 2023 that the company intends to reduce its global office space by 11 million square feet, mainly in large Indian cities, while investing more in smaller urban centers.

India’s $283 billion IT sector is currently adopting cost-saving measures, including monetizing real estate and delaying wage hikes, amid uncertain demand. Despite this, Cognizant recently raised its annual revenue forecast after exceeding first-quarter expectations, fueled by growing demand for AI-powered IT services.

The company now expects its 2025 revenue to range between $20.5 billion and $21 billion, up from its previous midpoint forecast of $20.3 billion to $20.8 billion.

Amazon Pledges $20 Billion Investment to Expand Cloud Infrastructure in Pennsylvania

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Amazon.com announced on Monday a plan to invest at least $20 billion in Pennsylvania to significantly expand its data center infrastructure. This move adds to Amazon’s multi-billion-dollar commitments supporting the rapid growth of artificial intelligence technologies.

The Pennsylvania investment follows closely after Amazon’s recent announcements to invest $10 billion in North Carolina and over $5 billion in new cloud infrastructure projects in Taiwan. These investments highlight the tech giant’s strategy to boost its cloud computing capacity amid intense competition in generative AI and cloud services.

Amazon expects the Pennsylvania project to create 1,250 high-skilled jobs directly, while also supporting thousands more jobs across the Amazon Web Services (AWS) data center supply chain. Salem Township and Falls Township have been identified as initial locations for new data center campuses.

The company reported capital expenditures of approximately $25 billion in the first quarter of 2025 and indicated plans to maintain this spending level throughout the year. It has not yet clarified whether the $20 billion in Pennsylvania is included in the current expenditure plans or provided a specific timeline for the investment.

Schneider Electric to Invest Over $700 Million in U.S. to Support AI Growth and Energy Infrastructure

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Schneider Electric announced on Tuesday plans to invest over $700 million in its U.S. operations over the next two years, focusing on strengthening energy infrastructure to support the AI boom, enhance domestic manufacturing, and improve energy security. The investment, slated to continue through 2027, comes amid ongoing tariff threats that could impact the French electrical equipment giant.

The U.S. government, under President Donald Trump, has imposed tariffs on a wide range of products, from aluminum and steel to pharmaceuticals and semiconductor chips. These tariffs have prompted many companies, including Eli Lilly and Apple, to boost their domestic manufacturing efforts. Schneider Electric aims to capitalize on this trend by expanding its facilities in Tennessee, Massachusetts, Texas, Missouri, Ohio, and North and South Carolina. The company also plans to create more than 1,000 new jobs as part of the investment.

In addition to the new $700 million, Schneider Electric has already committed $440 million since 2020 to enhance its U.S. supply chain. With these ongoing investments, the company’s total U.S. investment this decade is set to exceed $1 billion.

“We stand at an inflection point for the technology and industrial sectors in the U.S., driven by incredible AI growth and unprecedented energy demand,” said Aamir Paul, President of North America Operations for Schneider Electric.