Collaboration expected to provide technology
and capabilities to deliver comprehensive AI data center solutions
and services to expanded geographic regions
Penguin Solutions, Inc. (Penguin Solutions; Nasdaq: PENG) today
announced it has entered into a strategic collaboration agreement
with SK Telecom (“SKT”) and SK hynix to pursue the development and
delivery of comprehensive AI data center (“AIDC”) solutions. The
agreement, signed during CES 2025 in Las Vegas, follows the
December closing of SKT’s $200 million strategic investment in
Penguin Solutions as the AI infrastructure market continues to gain
traction across a broad array of industries.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20250109090038/en/
Photo L to R: Ju Seon Kim, President AI
Infrastructure SK hynix; Young Sang Ryu, President and CEO SK
Telecom; and Mark Adams, President and CEO Penguin Solutions join
hands after the signing ceremony at CES to celebrate entering into
a strategic collaboration agreement to pursue the development and
delivery of comprehensive AI data center solutions. (Photo:
Business Wire)
Partnering with SKT and SK hynix is expected to enhance Penguin
Solutions’ ability to deliver AI infrastructure solutions and
services efficiently to additional markets and regions. The
collaboration emphasis is on increasing each company’s ability to
research, develop, and market high-performance, high-availability
accelerated computing technologies and solutions.
Utilization rates of AI compute clusters is enriched through
Penguin Solutions’ OriginAI® solution architecture, which is based
on Penguin Solutions’ Scyld ClusterWare® intelligent management
software. Penguin Solutions’ Scyld ClusterWare software, when
combined with SKT’s AI infrastructure management software, can
expand capabilities for simplified installation, deployment and
optimization of a full-stack AI deployment that can be managed
end-to-end by Penguin Solutions’ expert AI services team.
Additionally, SK hynix and SMART Modular Technologies, a product
brand of Penguin Solutions, plan to collaborate to develop
innovative memory solutions that enhance efficiency and performance
in accelerated compute infrastructure environments.
“We are committed to solve the complexity of AI by designing,
building, deploying, and managing cutting-edge solutions that
enable us to support our customers on their AI journeys,” said Mark
Adams, president and CEO of Penguin Solutions. “This collaboration
agreement reflects a shared vision of leveraging our companies’
combined strengths to deliver a broad portfolio of high-performance
AI solutions to customers across the globe."
“This collaboration agreement lays the foundation for building
globally competitive AI data centers,” said Ryu Young-sang, CEO of
SK Telecom. “We will combine the unique technologies of SK Group,
such as semiconductors, energy, cooling and memory, with
cooperation from global companies to discover and develop a highly
competitive AI infrastructure business model.”
“Innovation of semiconductor memory technology is essential for
the efficient operation of AI data centers, with improving power
efficiency and heat dissipation performance being a key challenge,”
SK hynix said. “Through collaboration with SK Telecom and Penguin
Solutions, we plan to overcome the limitations of memory technology
and lead the expansion of the global AI ecosystem."
Penguin Solutions provides premiere AI infrastructure expertise
with more than 25 years of designing, building, deploying, and
managing HPC with a proven track record of more than 85,000 GPUs
deployed and amassing 2 billion hours of runtime data. Since 2017,
Penguin Solutions has built AI factories for some of the biggest
names in tech along with major enterprises, government agencies and
academic institutions. The company’s intelligent, intuitive cluster
management software streamlines the administration and optimizes
the availability of these computing resources, transforming raw
hardware, network, and software resources into sophisticated
high-performance AI and HPC clusters.
Penguin Solutions will be on display in the “Alliance Zone” of
the SK Telecom booth #17726 at CES in the Central Hall of the Las
Vegas Convention Center, January 7-10, 2025.
Penguin Solutions, Scyld ClusterWare, and SMART Modular
Technologies are trademarks or registered trademarks owned within
the family of companies owned by Penguin Solutions, Inc. All other
trademarks are the property of their respective owners.
About Penguin Solutions
The most exciting technological advancements are also the most
challenging for companies to adopt. At Penguin Solutions, we
support our customers in achieving their ambitions across our
computing, memory, and LED lines of business. With our expert
skills, experience, and partnerships, we turn our customers’ most
complex challenges into compelling opportunities.
For more information, visit
https://www.penguinsolutions.com.
About SK Telecom
SK Telecom has been leading the growth of the mobile industry
since 1984. Now, it is taking customer experience to new heights by
extending beyond connectivity. By placing AI at the core of its
business, SK Telecom is rapidly transforming into an AI company
with a strong global presence. It is focusing on driving
innovations in areas of AI Infrastructure, AI Transformation (AIX)
and AI Service to deliver greater value for industry, society, and
life.
For more information, please contact skt_press@sk.com or visit
our LinkedIn page www.linkedin.com/company/sk-telecom.
About SK hynix
SK hynix Inc., headquartered in Korea, is the world’s top tier
semiconductor supplier offering Dynamic Random Access Memory chips
(“DRAM”), flash memory chips (“NAND flash”) and CMOS Image Sensors
(“CIS”) for a wide range of distinguished customers globally. The
Company’s shares are traded on the Korea Exchange, and the Global
Depository shares are listed on the Luxembourg Stock Exchange.
Further information about SK hynix is available at www.skhynix.com,
news.skhynix.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250109090038/en/
Penguin Solutions Contacts Suzanne Schmidt Investor
Relations (510) 360-8596 ir@sghcorp.com
Maureen O’Leary Corporate Communications (602) 330-6846
pr@sghcorp.com
SK Telecom Contacts Mina Ryu SK Telecom Co., Ltd. +82 10
3740 5185 mnryu@sk.com
Minyoung Kim SK Telecom Co., Ltd. +82 10 6558 6441
my_k@sk.com
SK hynix Contact Sooyeon Lee SK hynix Inc. +82 10 5292
3854 sooyeon0.lee@sk.com
Pengiun Solutions (NASDAQ:PENG)
Historical Stock Chart
From Dec 2024 to Jan 2025
Pengiun Solutions (NASDAQ:PENG)
Historical Stock Chart
From Jan 2024 to Jan 2025
