Samsung Invests $1 Billion in Helix to Drive AI Infrastructure Pivot
Samsung is investing $1 billion in Helix Digital Infrastructure, an artificial intelligence infrastructure company established by global investment firm KKR and launched in June, Samsung said in a Tuesday (Sept. 29) press release. Samsung Electronics will invest $500 million, while five other Samsung affiliates will invest the remainder, according to the release. Helix is designed […] The post…
Samsung is allocating $1 billion to Helix Digital Infrastructure, an AI infrastructure company founded by KKR, according to a press release from Tuesday (Sept. 29), 2024. The investment will be split - $500 million from Samsung Electronics, with the remaining $500 million contributed by five Samsung affiliates. This move will enable Samsung's affiliates to transition from component suppliers to AI infrastructure architects, leveraging their hardware expertise.
Samsung's commitment is part of a broader $10 billion investment by the company's founding investors, including KKR, Kuwait Investment Authority, Nvidia, and Vistra. Helix Digital Infrastructure emphasized that Samsung's investment will bolster their strategy of developing data centers, power, connectivity, and related AI infrastructure.
The investment aligns with the growing trend in AI infrastructure spending, with Bloomberg reporting that Goldman Sachs expects AI infrastructure spending by the five largest U.S. hyperscalers to reach $1.2 trillion by 2027, up from $800 billion in the current year.
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