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SK hynix Partners With SK Telecom and Penguin Solutions

Following December announcement of SK Telecom's $200 million investment in Penguin

Penguin Solutions, Inc. announced it has entered into a strategic collaboration agreement with SK Telecom Co. Ltd. (SKT) and SK hynix, Inc. to pursue the development and delivery of comprehensive AI data center (AIDC) solutions.

L to R: Ju Seon Kim, SK hynix; Young Sang Ryu, SK Telecom; Mark Adams, Penguin Solutions

Penguin Solutions Signs With Sk Telecom And Sk Hynix

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.

Partnering with SKT and SK hynix, Inc. is expected to enhance Penguin Solutions’ ability to deliver AI infrastructure solutions and services to additional markets and regions. The collaboration emphasis is on increasing each company’s ability to research, develop, and market HA accelerated computing technologies and solutions.

Penguin Originai Solution Scheme

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, 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, 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 AI and HPC clusters.

Below Penguin Solutions Reports Q1 Fiscal 2025 Financial Results

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Penguin Solutions Reports Q1 Fiscal 2025 Financial Results

Revenue up by 24% vs. Q1 FY24, highlighted by 49% growth in Advanced Computing

Penguin Solutions, Inc. reported financial results for the first quarter of fiscal 2025.

First Quarter Fiscal 2025 Highlights

  • Net sales of $341 million, up 24.4% versus the year-ago quarter
  • GAAP gross margin of 28.7%, down 150 basis points versus the year-ago quarter
  • Non-GAAP gross margin of 30.8%, down 250 basis points versus the year-ago quarter
  • GAAP diluted EPS of $0.10 versus $(0.23) in the year-ago quarter
  • Non-GAAP diluted EPS of $0.49 versus $0.24 in the year-ago quarter

Our strong performance this quarter, highlighted by a 49% year-over-year increase in Advanced Computing revenue, reflects the continued execution of our strategy to support customers navigating the complexities of AI infrastructure implementation,” said Mark Adams, CEO, Penguin Solutions. “Our approach as a provider of differentiated hardware, software and managed services enables us to serve as a trusted advisor for our large enterprise customers. Based on our positive start to the year, we are pleased to affirm our outlook for the full fiscal year,” concluded Adams.

Penguin Solutions Reports Q1 Fiscal 2025 Financial Results

Penguin Solutions Reports Q1 Fiscal 2025 Financial Results 2The earnings presentation and a live webcast of the conference call can be accessed from the company’s investor relations website where they will remain available for approximately one year.

 

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