Samsung group invests $1 bil. in KKR-founded AI infrastructure firm

Samsung Electronics and five of its subsidiaries have committed a combined $1 billion investment in Helix Digital Infrastructure, an AI infrastructure firm founded by the investment giant KKR. The announcement was made on Tuesday, highlighting the group's strategic move to bolster its position within the larger data center ecosystem.

The participating entities include Samsung Electronics, Samsung C&T, Samsung SDS, Samsung SDI, Samsung Life Insurance, and Samsung Fire & Marine Insurance. Each of the five Samsung affiliates will contribute $500 million to the venture, totaling the $1 billion investment.

Samsung Electronics, the largest contributor, will inject $500 million into Helix, while the remaining $500 million will be distributed among the other affiliates. The AI infrastructure company, established in June, aims to provide integrated services encompassing hyperscale data center development and operation, power generation, transmission, distribution infrastructure, fiber-optic networks, and other related network infrastructure. Adam Selipsky, the former CEO of Amazon Web Services, serves as the CEO of Helix.

The founding investors in Helix comprise KKR, the Kuwait Investment Authority, Nvidia, and U.S. power company Vistra, joining the Samsung-affiliated investors in supporting the new venture. Specific details regarding the investment amounts have not been disclosed by the companies involved.