Samsung group invests $1 bil. in KKR-founded AI infrastructure firm
Samsung Electronics and five of its affiliates will invest $1 billion in Helix Digital Infrastructure, an artificial intelligence (AI) infrastructure firm established by global investment firm KKR, as part of their efforts to strengthen their foothold in the broader data center ecosystem. Samsung Group said Tuesday that Samsung Electronics, Samsung C&T, Samsung SDS, Samsung SDI, Samsung Life…
The Korea Times reports that Samsung Electronics and five of its affiliates will invest a combined $1 billion in Helix Digital Infrastructure, an AI infrastructure firm founded by investment firm KKR. The investment aims to bolster Samsung's presence in the data center ecosystem. Samsung Electronics will contribute $500 million, while the remaining affiliates will contribute the other $500 million.
Helix, established in June, offers integrated services in various aspects of data center development and operation, including power generation, transmission, and distribution infrastructure, fiber-optic networks, and other network infrastructure. The company's CEO is Adam Selipsky, former CEO of Amazon Web Services. The Samsung affiliates will join KKR, Kuwait Investment Authority, Nvidia, and U.S. power company Vistra as founding investors in Helix.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Samsung group invests $1 bil. in KKR-founded AI infrastructure firm koreatimes.co.kr
