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…
Samsung Electronics and its affiliates are set to invest a total of $1 billion in Helix Digital Infrastructure, a burgeoning AI infrastructure company founded by investment conglomerate KKR. The investment aims to bolster Samsung's position in the data center industry. The five Samsung entities involved are Samsung Electronics, Samsung C&T, Samsung SDS, Samsung SDI, Samsung Life Insurance, and Samsung Fire & Marine Insurance.
Samsung Electronics will shoulder $500 million of the investment, with the other affiliates splitting the remaining $500 million. Helix was launched in June, offering comprehensive services encompassing hyperscale data center development and operation, power generation, transmission and distribution infrastructure, fiber-optic networks, and various other network infrastructure components.
The company is currently led by CEO Adam Selipsky, a former CEO of Amazon Web Services. The investors in Helix also include KKR, the Kuwait Investment Authority, Nvidia, and U.S. energy firm Vistra.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Samsung group invests $1 bil. in KKR-founded AI infrastructure firm koreatimes.co.kr
