From Startup Fortune · · 1m 10s
SK Hyper seeks $350 billion for South Korea's AI data center
SK Hyper aims to raise $350 billion for South Korea's largest AI data center buildout by 2035.
In brief
SK Hyper aims to raise $350 billion for South Korea's largest AI data center buildout by 2035. SK Hyper plans to secure $350 billion for AI infrastructure in South Korea by 2035, targeting 15 gigawatts of capacity. Originally reported by Startup Fortune.
SK Hyper's $350 billion AI infrastructure plan
SK Hyper, the ai data center subsidiary of sk telecom within sk group, seeks $350 billion for ai infrastructure in south korea by 2035.
“according to a bloomberg report published on october twenty three”
First phase targets 5 gigawatts by 2029
The first phase covers 5 gigawatts of capacity, including equipment, with a goal of 15 gigawatts by 2035.
“chung suk-geun said the company aims to close its first round of external financing by the end of this year or early 2027”
Microsoft and Meta face investor backlash
Microsoft and meta saw stock drops after reporting ai capex pledges, with microsoft down 5% and meta down 9%.
“investors sold the stock down roughly five percent anyway fixated on a one hundred ninety billion ai capex pledge for 2026”
SK Hyper's project finance model
SK hyper uses project finance to bring in debt and equity, similar to blackstone's data center platform.
“it's the same model blackstone has used to grow its data center platform to one hundred eighty five billion dollars in value this year”
SK Group's broader ai investment strategy
SK group plans 1,000 trillion won ($648 billion) in ai data centers by 2035, with 3 million GPUs.
“sk group's chairman chey tae-won has talked about an investment path of roughly one thousand trillion won”
SK Hyper's competitive edge
SK hyper targets 5 gigawatts operational by 2029, positioning south korea as an ai infrastructure exporter.
“sk hyper is the much bigger vehicle its target is harder too five gigawatts operational by 2029 fifteen by 2035”
The headline
SK Hyper plans to secure $350 billion for AI infrastructure in South Korea by 2035, targeting 15 gigawatts of capacity.
