SK Telecom, a South Korean wireless telecommunications operator , agreed to invest $200m in SMART Global Holdings, a designer and developer of high-performance, high-availability enterprise solutions. "We are thrilled to have SKT as a strategic investor. Today’s announcement is a testament to Penguin Solutions’ capabilities in the deployment of AI factories at scale through our systems, software, and managed services suite of solutions. We look forward to executing on strategic collaboration opportunities with the SKT team and believe they will create value for our respective stakeholders," Mark Adams, SGH CEO.