South Korean SK Group’s data center company SK Hyper is in talks with major technology companies and financial investors about financing a major AI infrastructure venture. Bloomberg News reports.
The company plans to build data centers with a capacity of 15 gigawatts in South Korea by 2035. The first phase of 5 gigawatts is estimated to cost $350 billion, including equipment.
SK Hyper was formed in July as a subsidiary of SK Telecom, which plans to invest 750 billion won in the business through 2030. The aim is to serve global technology companies with South Korea as a base for AI operations in Asia.
