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SK to cooperate with Vietnam on AI data centres and energy infrastructure

SK will expand into building AI infrastructure in Vietnam, linking construction of AI data centres with power supply. SK said it signed separate MOUs in Hanoi with the Nghe An provincial government and Vietnam\'s National Innovation Center to create an AI ecosystem. SK Innovation and SK Telecom will jointly review an AI data centre and related infrastructure project in Nghe An and explore energy cooperation tied to the Quynh Lap LNG power project.

AI & Enterprise

Intel shares surge 15 percent after hours on Q1 beat, strong Q2 outlook; data center and foundry sales rise

Intel\'s shares surged 15 percent in after-hours trading after the company posted first-quarter results that beat market expectations and issued a stronger-than-expected second-quarter outlook. Revenue rose 7.2 percent to $13.58 billion, topping forecasts. Data center revenue climbed 22 percent to $5.1 billion and foundry revenue rose 16 percent to $5.4 billion. Intel posted a net loss of $4.28 billion, wider than a year earlier.

AI & Enterprise

Samsung SDS says cloud is biggest share of IT services revenue, to invest 10 trillion won by 2031

Samsung SDS on Wednesday reported preliminary first-quarter revenue of 3.35 trillion won and operating profit of 78.3 billion won. Revenue fell 3.9 percent from a year earlier, while profit slid 70.8 percent after it booked a 112.0 billion won retirement benefit provision following a change in severance pay calculation standards. Cloud revenue rose 5.8 percent to 690.9 billion won, becoming the largest share within IT services.