SGH Announces $200 Million Strategic Investment from SK Telecom to Advance End-to-End AI Infrastructure Solutions
SMART Global Holdings, Inc. ("SGH") (NASDAQ:SGH), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that SK Telecom ("SKT") (NYSE:SKM), an affiliate of SK Group, is making a $200 million preferred equity investment in SGH. SGH plans to use the capital from SKT's investment to enhance SGH's capabilities and add to the Company's financial flexibility as SGH further expands the scope and scale of its Penguin Solutions branded end-to-end AI factory offerings.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240715061470/en/(L to R) Ryu Young-sang, CEO of SKT, and Mark Adams,
