Samsung to invest US$1 billion in KKR’s AI infrastructure company
Move deepens South Korean conglomerate’s push into rapidly expanding AI infrastructure market.
Samsung Group, comprising Samsung Electronics, Samsung C&T, Samsung SDS, Samsung SDI, Samsung Life Insurance, and Samsung Fire & Marine Insurance, has pledged a combined US$1 billion investment in Helix Digital Infrastructure, an AI infrastructure company backed by KKR & Co. The investment, announced on September 29, will deepen the conglomerate's involvement in the rapidly growing artificial-intelligence infrastructure market.
The investment will give Samsung a stake in a diverse company, encompassing semiconductors, construction, data centers, cloud computing, and finance, sectors where Samsung already holds substantial operations. Helix Digital Infrastructure was established in June 2022 by KKR, Kuwait Investment Authority, Nvidia, and US power producer Vistra, with over US$10 billion in committed long-term capital.
The company is led by Adam Selipsky, a former Amazon Web Services CEO, and Nvidia serves as a strategic partner, while Vistra is Helix's preferred power partner. Helix Digital Infrastructure aims not just to develop data centers, but to secure all necessary infrastructure to swiftly build massive computing facilities.
Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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