Warburg-Backed Princeton Enters Korea With First Data Center

Princeton Digital Group, a data center operator in Asia backed by Warburg Pincus, plans to invest $700 million in its first South Korean campus to power artificial intelligence development in the country.

PDG wants the initial 48-megawatt data center in Incheon to grow to 500 megawatts across several locations, Chairman and Chief Executive Officer Rangu Salgame told Bloomberg News in an interview. It has secured energy supply and will break ground on construction this month before it eventually comes online in early 2028, he said.