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SK Telecom unit SK Hyper is in talks with tech firms and investors to finance 15GW of data center capacity in South Korea by 2035; the first 5GW will cost $350B (Bloomberg)

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In short

SK Telecom's subsidiary SK Hyper is in discussions with tech firms and investors to finance the construction of 15 gigawatts of data center capacity in South Korea by 2035. The project's first phase, involving 5 gigawatts, is expected to cost $350 billion. This ambitious initiative aims to meet the growing demand for data storage and processing in the region.

Key points

  • SK Telecom's subsidiary SK Hyper is in discussions with tech firms and investors to finan…: SK Telecom's subsidiary SK Hyper is in discussions with tech firms and investors to finance the construction of 15 gigawatts of data center capacity in South Korea by 2035.
  • The project's first phase, involving 5 gigawatts, is expected to cost $350 billion.: The project's first phase, involving 5 gigawatts, is expected to cost $350 billion.
  • This ambitious initiative aims to meet the growing demand for data storage and processing…: This ambitious initiative aims to meet the growing demand for data storage and processing in the region.

Sources checked by our analysis pipeline: 1

Bloomberg : SK Telecom unit SK Hyper is in talks with tech firms and investors to finance 15GW of data center capacity in South Korea by 2035; the first 5GW will cost $350B   —  SK Hyper Co. is in talks with big tech firms and financial investors to secure funding for an envisioned $350 billion data center buildout …

Original source: www.techmeme.com

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