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SMART Global Says SK Telecom Is Making $200M Preferred Equity Investment

Author: Benzinga Newsdesk | July 15, 2024 04:32pm

SGH plans to use the capital from SKT's investment to enhance SGH's capabilities and add to the Company's financial flexibility as SGH further expands the scope and scale of its Penguin Solutions branded end-to-end AI factory offerings.

SKT's current AI-related investments and partnerships include Anthropic, Lambda, and Perplexity. Along with these investments, a partnership and investment with SGH will advance SKT's goals in the AI value chain across these three pillars: AI semiconductor, AI infrastructure and AI services.

Posted In: SGH SKM


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