SGH secures USD 200Mln strategic investment from SK Telecom

(L to R) Ryu Young-sang, CEO of SKT, and Mark Adams, CEO of SGH, announce that SK Telecom, an affiliate of SK Group, is making a $200 million preferred equity investment in SGH (SMART Global Holdings) to enhance SGH’s capabilities in AI and to innovate and execute on strategic collaborative opportunities.

SMART Global Holdings, Inc. (“SGH”), a leading designer and developer of high-performance, high-availability enterprise solutions, recently announced that SK Telecom (“SKT”) , 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 […]