ExpansionJun 30, 2026, 06:11 AM
SK Telecom Plans 15GW AI Data Center Buildout by 2035
AI Summary
SK Telecom Co., Ltd. announced a plan to pursue the buildout of AI data centers with a total capacity of 15 gigawatts (GW) on a mid- to long-term basis. The first phase targets 5 GW capacity, with phased opening beginning in 2029, followed by an additional 10 GW from 2035. The company is reviewing potential funding through strategic partners and various investment structures, with the exact investment size yet to be determined. This initiative aims to secure new business opportunities by responding to expanding AI infrastructure demand, though potential obstacles like market demand changes, power supply, and financing exist.
Key Highlights
- Plans mid- to long-term buildout of AI data centers with 15 GW total capacity.
- First phase targets 5 GW capacity, with phased opening beginning in 2029.
- Second phase aims for an additional 10 GW capacity from 2035.
- Reviewing funding through strategic partners, including global tech and overseas investors.
- Investment size and specific entities to be determined at a later date.
- Board resolution for the announcement was made on June 29, 2026.
Price Impact
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