SKT Invests 738.4 Billion Won in SK hynix's U.S. AI Investment Corporation

Acquisition of 1,198 Shares, Four-Year Capital Call Structure
Group-Level Investment Expansion Follows SK Inc. and SK Innovation

SK Telecom is making a large-scale investment of over 700 billion won in SK hynix's U.S. investment corporation.

SK Telecom Euljiro Building. Provided by SKT

On June 25, SK Telecom announced in a regulatory filing that it had signed an agreement to invest 738.384 billion won in SK hynix NAND Product Solutions. SK Telecom will acquire 1,198 new shares, securing a 0.9% stake.

This company is a U.S.-based AI-focused investment corporation established in January this year, jointly funded by SK hynix and Solidigm, with a total investment of $10 billion (approximately 14.65 trillion won). The investment will be executed through a "capital call" method, meaning capital will be injected as needed within the agreed limit. The commitment period is four years from the contract date.

Previously, in March this year, SK Inc. and SK Innovation invested $250 million (approximately 366.3 billion won) and $380 million (approximately 556.7 billion won), respectively.

An SK Telecom official stated, "Since SK Group possesses full-stack capabilities for AI data centers, we expect to create synergy through joint investments among affiliates," adding, "We plan to identify various opportunities in the rapidly evolving AI ecosystem."

This content was produced with the assistance of AI translation services.