Nvidia and South Korea's SK Group just announced a partnership worth over $500 billion to build AI data centers and next-generation memory infrastructure.The initiative, announced on July 24, represents one of the largest single commitments to AI infrastructure ever made.At its core, SK hynix, the…
South Korean conglomerates SK Group, Hyundai Motor Group KRX:005380 and Hanwha KRX:000880 on Friday unveiled investment initiatives spanning robotics, manufacturing AI, self-driving mobility and space projects for the country's southeast.The business groups announced the decisions at an event annou…
By Megan CheahPrivate-equity firm KKR and South Korea's SK Inc. are jointly launching a $1.3 billion renewable-energy platform aimed at meeting surging demand for clean power in AI data centers and semiconductor manufacturing.The platform's assets, consolidated from SK affiliates, cut across solar…
By Megan CheahPrivate-equity firm KKR and South Korea's SK Inc. are jointly launching a $1.3 billion renewable-energy platform aimed at meeting surging demand for clean power in AI data centers and semiconductor manufacturing.The platform's assets, consolidated from SK affiliates, cut across solar…
Private equity firm KKR NYSE:KKR and South Korea's SK Inc KRX:034730 said on Wednesday they will launch the country's largest renewable energy platform, valued at 2 trillion won ($1.3 billion), to help meet rising clean-power demand from AI data centres and chip plants.The platform will combine ren…
South Korea's SK Inc KRX:034730 said on Wednesday it will set up a renewable energy joint venture in the country with private equity firm KKR NYSE:KKR, aiming to expand power capacity to 10 gigawatts by 2031.KKR will own 51% of the venture and SK Inc 49%, with the launch planned by year-end, SK sai…
South Korea announced three "mega projects" on Monday covering semiconductors, physical AI and AI data centres, with Samsung Electronics KRX:005930, SK Group and government ministries outlining investment plans.Below is a summary of the investments and targets announced at the event and in corporat…
SEOUL (dpa-AFX) - South Korea's Samsung Electronics and SK Group are preparing to announce investment plans of up to 2,000 trillion won ($1.3 trillion) over the next decade, according to the Korea Economic Daily. The ambitious package will be unveiled when the groups' leaders present their strategi…
