LG CNS to Acquire KRW381.4 Billion in NVIDIA GPU Equipment for AI Factory
MT Newswires Live
Yesterday
LG CNS (KRX:064400) has agreed to acquire other tangible assets, specifically GPU and infrastructure equipment, including NVIDIA Vera Rubin, for 381.4 billion won.
The acquisition is for the purpose of establishing an AI factory and will be purchased from Hewlett-Packard Korea and others, with the scheduled acquisition date of June 30, 2027.
The acquisition price and scheduled date may be subject to change upon agreement with the counterparty, according to a bourse filing on Friday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.