KS Industry is making a full-fledged entry into the AI data center sector based on an innovative business strategy with ELM SYSTEM . To promote the business, the company recently decided on a three- tier paid-in capital increase worth a total of KRW 21 billion , and plans to create synergy with its existing offshore crane business .
ELMSys, which will be collaborating with KS Industry, is a company that has conducted joint research with several overseas companies to develop next-generation intelligent communication chips . ELMSys signed an MOU with Sify Technologies Limited, a NASDAQ-listed company in India, for the establishment and operation of an AI data center , and through this, aims to supply AI operation optimization infrastructure and cloud services domestically .
In addition, ELM Systems decided on a paid-in capital increase of 10 billion won on the 3rd to strengthen cooperation with KS Industry . KS Industry plans to select new directors at the extraordinary general meeting of shareholders scheduled for February 19th to strengthen its AI data center business capabilities . The candidates for directors include the Vice President (EVP) of SiPhi Technologies and a former head of Qualcomm Inc. Research Labs .
An official from KS Industry said , “ AI data centers based on communication and AI technologies will become the core infrastructure of an intelligent society that will respond to ultra-large-scale computational demands . To this end, we will secure competitiveness in the global market based on ELM Systems’ technological prowess. ” He added, “ VT Group also agreed with our vision and decided to increase capital by 6 billion won and coordinated the investment schedule with ELM Systems, so we will be able to secure strong business momentum . ”
Meanwhile, KS Industry is also conducting research to solve the heat generation problem of existing AI data centers through collaboration with its subsidiary , TITL . TITL's paper on topological insulator technology was selected as one of the top 1% papers in Nature in 2020 .
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