Microsoft Shelves $1 Billion Ohio Data Center Plans Amid Global Project Withdrawals: 'We Are Slowing Or Pausing Some Early-Stage Projects' - Microsoft (NASDAQ:MSFT)
1. Microsoft suspends $1 billion data center project in Ohio, affecting three campuses. 2. This cancellation aligns with a trend of project halts globally by Microsoft. 3. Concerns over semiconductor tariffs and AI overcapacity influenced Microsoft's decision. 4. Microsoft aims to invest $80 billion in AI-powered data centers despite project pauses. 5. Ownership of land will be retained, with future development uncertain.