Samsung SDS plans to expand its artificial intelligence (AI) infrastructure from the current 110 megawatts (MW) to over 800 MW by 2031. As demand for the latest graphics processing units (GPUs) rapidly increases, the company will also significantly grow its AI transformation (AX) business in the finance and public sectors.
In its preliminary second-quarter results, Samsung SDS reported revenues of 3.7178 trillion won and an operating profit of 231.8 billion won. Compared to the same period last year, revenues increased by 5.9%, while operating profit rose by 0.7%.
During a conference call on July 30, CEO Lee Jun-hee stated, "The shortage of AI infrastructure presents a significant growth opportunity," adding that the company aims to expand to 230 MW by 2029 and over 800 MW by 2031. The company plans to sequentially launch its Dongtan Data Center West in 2023, followed by the national AI computing center in Haenam in 2028 and the AI data center in Gumi in 2029.
The business model will include a capital expenditure (CapEx) model with direct ownership of data centers, a partial equity investment model, and a design-build-operate (DBO) model. The DBO business secured its first conceptual design order in the first quarter, with additional business opportunities materializing in the second quarter.
Kim Eun-young, Vice President of Samsung SDS's Cloud Services Division, noted that the 800 MW target encompasses all three models, stating, "The CapEx model primarily focuses on demand from affiliated companies, but we are also in discussions for data center collaborations with global AI firms like OpenAI and Anthropic."
Regarding the operational status and additional investment plans for the NVIDIA B300, Kim said, "More than 90% of the existing B300 units are being used for customer services," and added that the company plans to deploy an additional 1,240 B300 units by the end of the year for commercialization next year. Investments in next-generation GPUs like Vera Rubin and additional NPU investments are also under consideration.
Samsung SDS is integrating the 'Renegade' neural processing unit (NPU) from Furiosa AI into the Samsung Cloud Platform, expanding inference services that allocate costs between GPUs and NPUs based on workload.
In the finance AX sector, the company has been selected as the preferred bidder for Woori Bank's AI agent banking project and has secured a contract for the Korea Export-Import Bank's generative AI system development. In the public sector, it is promoting the spread of the Briti solution across 47 ministries and 180,000 personnel. Song Hae-kyu, Vice President of the Solutions Division, stated, "We aim to secure 30 ministries and 130,000 personnel by the end of the year to create stable recurring revenue starting next year."
CEO Lee explained that Hanwha Securities' investment in Dunamu is a "strategic investment for entry into digital asset infrastructure, not just a financial investment," with plans to develop stablecoin infrastructure, virtual asset-based financial SI, and AI business initiatives.
* This article has been translated by AI.
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