SGH plans to secure a 10% stake
Expecting synergy in cluster construction and operation,
Yoo Young-sang (left), CEO of SK Telecom and Mark Adams, CEO of ‘Smart Global Holdings’ (SGH) are signing an investment agreement and taking commemorative photos in Los Altos, California, USA. Provided by SK Telecom, ‘SK Telecom is embarking on a strategy to capture the domestic and international AI data center market by making the largest investment in the AI field.’,
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, ‘SK Telecom announced on the 16th that it has signed a $200 million (approximately 2.772 trillion won) convertible preferred stock investment agreement with ‘Smart Global Holdings’ (SGH), a U.S.-based AI data center integrated solutions company. SK Telecom is expected to secure a stake of around 10% through future conversion of common stock.’,
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, ‘Headquartered in Silicon Valley, SGH is a specialized company in designing, constructing, and operating AI data centers using large-scale graphic processing unit (GPU) servers. SGH, which went public on NASDAQ in 2017, recorded revenue of approximately 1.44 billion dollars (2 trillion won) last year, with a cumulative deployment of 75,000 GPUs.’,
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, ‘ MobileAdNew center ‘, ‘In 2023, SGH built large-scale AI clusters for global companies, such as a ‘Research Super Cluster’ with 16,000 GPUs from ‘Meta’.’,
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, ‘Both companies plan to further solidify their cooperation by signing more partnership agreements this year, focusing on collaboration across the AI data center, ‘Edge AI’, and future memory solution business areas.’,
, ‘SK Telecom, which is pursuing entry into the domestic and international AI data center market, is expecting synergy effects by combining SGH’s capabilities in AI cluster construction and operation with solutions such as data center management systems and liquid cooling.’,
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, ‘Since announcing the ‘AI Pyramid Strategy’ in 2023, SK Telecom has continued to invest in the three major areas of the AI value chain: AI semiconductors, AI infrastructure, and AI services. The amount invested in the AI field alone surpassed $300 million (415.8 billion won), including investments in U.S.-based generative AI company ‘Entropic’ ($100 million), GPU cloud company ‘Lambda’ ($20 million), and generative AI search engine startup ‘Plexity’ ($10 million).’
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, ‘Yoo Young-sang, CEO of SK Telecom, said, “Investing in and cooperating with SGH is an opportunity to strengthen competitiveness in the AI infrastructure value chain,” and “In the era of AI transformation, we will continue to make proactive investments and collaborations to secure global-level leadership in AI infrastructure business.”‘,