NOAH SEELAM/AFP via Getty Images TikTok announced Thursday it's setting up a new €420 million ($498 million) data center in Ireland. The data center is slated to open in early 2022, and will house user data from TikTok's European users. This comes just as TikTok is having to brace itself against hiving off its US business. Visit Business Insider's homepage for more stories. As TikTok faces getting squeezed out of the US, the company appears to be shoring up its European operations. In a blog post on Thursday, TikTok's global chief security officer Roland Cloutier announced plans to build a new data center in Ireland costing €420 million ($498 million), which will play a "key role in further strengthening the safeguarding and protection of TikTok user data."See the rest of the story at Business InsiderNOW WATCH: July 15 is Tax Day — here's what it's like to do your own taxes for the very first timeSee Also:Trump says the US has 'all the cards' on a potential TikTok sale as he doubles down on demand that the government get a 'very big' cutThe CEO of TikTok's parent firm says Trump's 'real objective' is to ban TikTok, not force a sale to MicrosoftThis chart shows how a Microsoft acquisition of TikTok for $50 billion would stack up against tech's largest deals ever

 

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