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.
AI Race Accelerates with Amazon's Investment In AnthropicAmazon's $4 billion stake in Anthropic signals a strong push into the AI space. Amazon aims to use Anthropic's generative AI models for enhanced applications.
Joby Aviation Goes Airborne as News Flow AcceleratesInvestors seeking exposure to air mobility and environmentally-friendly goals may want to wait for a Joby pullback - at the risk of missing the next take off.
Joby Welcomes $100 Million Investment as It Expands Partnership With SK Telecom
Joby Aviation, Inc. (
NYSE:JOBY), a company developing all-electric aircraft for commercial passenger service, today announced that SK Telecom (NYSE:SKM, “SKT”), South Korea’s leading telecommunications company, is making an equity investment of $100 million in Joby, as part of an expanded partnership between the two companies.
SKT and Joby Join Forces to Bring Air Taxi Service to South Korea
SK Telecom (NYSE:SKM, “SKT”), South Korea’s leading telecommunications company, and Joby Aviation (NYSE:JOBY, “Joby”), a California-based company developing an all-electric, five-seat aircraft that can take off and land vertically (eVTOL), today announced they will work together to introduce emissions-free aerial ridesharing services to cities and communities across South Korea.
