In California, the United States, SK Telecom (SKT) CEO Yoo Young-sang (left) and Mark Adams CEO (right) are seen signing an investment agreement and taking a commemorative photo. SKT will execute a large-scale investment of 200 million dollars (approximately 280 billion Korean won) in the American AI data center integration solution company SGH.
SK Telecom has signed a 200 million dollar convertible preferred stock investment agreement with SGH, and it is expected to secure a stake of around 10% through future common stock conversion, as announced on the 16th.
Headquartered in Silicon Valley, SGH is a specialized company in designing, building, and operating AI clusters composed of large-scale GPU servers, known as ‘AI data center integration solutions’. It has gained attention for constructing large AI clusters for global firms like Meta. SGH is recognized as one of the few companies worldwide that have built large-scale AI clusters with an accumulated construction scale of 75,000 GPUs. Recently, it was selected as the operator of an AI cluster with 24,000 GPUs for Voltage Park, a U.S.-based next-generation GPU cloud service provider.
Both parties plan to further solidify their cooperation in various areas of the AI infrastructure business, including AI data centers, edge AI, and future memory solutions through additional partnership agreements this year.
SKT CEO Yoo Young-sang stated, “In the era of AI transformation, we will secure global-level AI infrastructure business leadership through proactive investments and continued collaboration.”