SK Telecom Launches AI Data Center Infrastructure Company 'SK Horizon' and Secures Investments from KKR and IMM

SK Telecom is spinning off its SK Broadband subsidiary to form SK Horizon, focusing on AI datacentres, with external investors acquiring 49%. Nvidia reported 106% YoY revenue growth to $96.2bn and forecasts 70% growth for next year. Qualcomm plans to launch a 6G modem in 2029, aiming to target both device and network equipment markets. Nvidia is reportedly set to acquire Hugging Face for $12.9bn.

SK Telecom launched SK Horizon, an AI data center company, with a $2.2B investment from KKR and IMM. SKT will retain 51% stake, while KKR and IMM will hold 29% and 20% respectively. SK Horizon will expand infrastructure to 318 MW, including 8 data centers. SKT aims to streamline decision-making and secure funding for key areas.

KKR, IMM, and Stonebridge will invest $2.1B in SK Telecom's AI data center unit, SK Horizon. SK Telecom retains 51% control. SK Horizon aims to expand data center capacity to 318 MW. The deal is expected to close in Q1 2027, pending approvals.

SK Telecom will spin off its AI data center business into a new company, SK Horizon, with a 3.08 trillion won investment from KKR and Korean firms. SK Telecom will retain 51% ownership. The split is expected to complete by Q1 2025, pending approvals. SK Horizon will operate existing data centers and expand infrastructure, while SK Telecom focuses on strategy and partnerships.

SK Telecom announced that a consortium led by KKR will invest $2.2 billion in its subsidiary, SK Horizon. The investment aims to support SK Horizon's growth and expansion, according to SK Telecom.

CNBC reports SK Group’s Chey Tae-won expects a severe AI memory shortage next year and is considering overseas fab expansion. Separately, SK Hynix said its board approved 54.3 trillion won ($38 billion) for two new DRAM and NAND fabs. The US also warned South Korea to move on $200 billion investment plans or face higher tariffs.