Samsung Group to invest US$1 billion in AI infrastructure company Helix
SEOUL, Sept. 29 (Yonhap) -- South Korean conglomerate Samsung Group said Tuesday...
Samsung Group has announced a US$1 billion investment in Helix Digital Infrastructure, an AI infrastructure company founded by private equity firm KKR & Co. Six Samsung affiliates, including Samsung Electronics, Samsung C&T Corp., Samsung SDS Co., Samsung SDI Co., Samsung Life Insurance, and Samsung Fire & Marine Insurance, will participate in the investment, with Samsung Electronics contributing $500 million and the others contributing a combined $500 million.
Helix, led by former Amazon Web Services CEO Adam Selipsky, was launched in June with over $10 billion in committed long-term capital and strategic partnerships with Nvidia and power producer Vistra Corp. The Samsung affiliates join KKR, Nvidia, Vistra, and Kuwait Investment Authority as founding investors in Helix. The investment aims to address power availability challenges in AI infrastructure development, with Samsung seeking synergies between its affiliates' technologies and Helix's infrastructure business.
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Also reported by 3 other outlets
- Samsung to invest US$1 billion in KKR’s AI infrastructure company straitstimes.com
- Samsung Group to invest $1 bil. in AI infrastructure company Helix koreatimes.co.kr
- Samsung to Invest $1 Billion in KKR’s AI Infrastructure Company bloomberg.com