South Korea: SK Telecom to invest in HPC business Smart Global Holdings

 Korean telco SK Telecom has revealed that it will be investing $200 million in AI and high-performance computing infrastructure business Smart Global Holdings. The Korean telco will be taking an equity stake in exchange for the cash, and the companies plan to work together to “leverage their complementary capabilities to enhance customer offerings in the development of differentiated global end-to-end AI factory and data center solutions and services, advanced memory market products and services, and NPU-based AI Edge servers.” 
 

Adams said: “Today’s announcement is a testament to Penguin Solutions’ capabilities in the deployment of AI factories at scale through our systems, software, and managed services suite of solutions. We look forward to executing on these strategic collaboration opportunities with the SKT team and believe they will create value for our respective stakeholders.”

“Our investment in and cooperation with SGH will give us an opportunity to boost our position in the AI value chain,” said Ryu Young-sang, CEO of SKT. “In the era of AI transformation, we plan to continue to collaborate and make proactive investments to achieve global leadership in AI.”