SK Telecom (US:SKM) ZACKS·2025-01-10 15:01Group 1: Partnership and Investment - SK Telecom has entered into a partnership with SK hynix and Penguin Solutions to advance artificial intelligence data center (AIDC) solutions, announced during CES 2025 [1] - The collaboration is based on a $200 million investment agreement from July 2024, aimed at exploring synergies and leveraging complementary strengths in AIDC solutions [2] - The companies plan to target business opportunities in the Asia-Pacific and Middle East markets, including Japan, by combining their expertise in semiconductors, energy, memory technology, and AI [2] Group 2: Technological Development - A significant focus of the partnership is the development of a comprehensive full-stack software solution for efficient AIDC operations [3] - SK hynix and Penguin Solutions are expected to collaborate on next-generation data center memory technology to improve power efficiency and heat dissipation [3] Group 3: Company Performance and Initiatives - SK Telecom reported consolidated revenues of KRW 4.5321 trillion, reflecting a 2.9% year-over-year increase, driven by growth in roaming services and the enterprise sector [6] - The company’s operating income increased by 7.1% to KRW 533.3 billion, supported by improved efficiency through AI integration [6] - In December 2024, SK Telecom invested $3 million in Twelve Labs to enhance multimodal AI applications across various industries [4] - The company launched an AI Customer Service Support System in mid-October 2024, showcasing strong performance after restructuring its knowledge base and improving models [5] Group 4: Market Position - SK Telecom holds a Zacks Rank 3 (Hold) and its shares have gained 2.8% over the past year, contrasting with a 12.1% decline in the sub-industry [7]