NAVER, NVIDIA and Brookfield forge $10 billion partnership to build Korea's sovereign AI future
10 Sources
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NAVER, NVIDIA and Brookfield to Expand Korea's National AI Factory Infrastructure Buildout
Planned Investments to Scale NAVER's Initial Multi-Tenant NVIDIA DSX AI Factory to 200 Megawatts by 2028, Fueling Next Generation of Korea and US AI Innovators * NAVER, NVIDIA and Brookfield plan to invest in gigawatt-scale, multi-tenant AI cloud infrastructure to power the next generation of AI
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Global Market Update | South Korea's Naver jumps 10% on Nvidia's $1 billion investment plan
Nvidia will invest one billion dollars in Naver's new shares. This investment supports expanding an AI data center project in South Korea. Brookfield will provide up to nine billion dollars in financing for this initiative. The expanded data center will utilize Nvidia's chip platforms by 2028. This
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Nvidia Deepens South Korea AI Push With $1 Billion NAVER Investment - NVIDIA (NASDAQ:NVDA)
NVIDIA Corp (NASDAQ:NVDA) plans to invest about $1 billion in NAVER Corp as part of a broader effort to expand artificial intelligence datacenter infrastructure in South Korea. NAVER To Issue Shares To NVIDIA A regulatory filing from NAVER on Monday said NVIDIA will buy 7.2 million newly issued
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Nvidia invests $1 bil. in Naver for 4.5% stake - The Korea Times
Naver Chairman Lee Hae-jin, right, shakes hands with Nvidia CEO Jensen Huang after signing a $1 billion strategic investment agreement at Nvidia's headquarters in Santa Clara, Calif., Friday (local time). Courtesy of Naver Nvidia has agreed to acquire a 4.5 percent stake in Naver through a $1
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Brookfield to commit up to $9 billion to expand South Korean AI data centre
SAN FRANCISCO -- Brookfield Asset Management plans to invest up to US$9 billion in AI infrastructure as part of a partnership with Nvidia to expand a data centre in South Korea. As part of the deal, Nvidia would invest US$1 billion into South Korean internet company Naver Corp., which will fund
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Naver gets $10 bil. investment from Nvidia, Brookfield - The Korea Times
Naver's logo is seen at its company's headquarters in Seongnam, Gyeonggi Province / Korea Times file Naver, the country's leading internet portal operator, has received a combined $10 billion investment commitment from Nvidia and U.S. private equity firm Brookfield to finance its project to build
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Naver jumps to one-month high as Nvidia takes $1 billion stake for AI data center By Investing.com
Investing.com -- Shares of South Korea's Naver Corp (KS:035420) rose nearly 8% on Monday after the internet company said NVIDIA Corporation (NASDAQ:NVDA) will acquire $1 billion of newly issued shares as part of a partnership to build an artificial intelligence data center. Shares rose over 8% to
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Nvidia to Invest $1 Billion in Naver's AI Project -- Update
Nvidia will invest roughly $1 billion in South Korean internet company Naver to help finance an artificial-intelligence data center, deepening the companies' partnership in AI. The planned investment could pave the way for a broader multibillion-dollar push into AI infrastructure in South Korea.
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Nvidia to Invest About $1 Billion in Naver for AI Project
Nvidia will invest roughly $1 billion in South Korean internet company Naver to help finance an artificial-intelligence data center, strengthening their AI partnership. Naver will raise about 1.481 trillion, equivalent to $1.01 billion, by issuing new shares to Nvidia, the Korean company said in a
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NAVER Corporation, NVIDIA Corporation And Brookfield Asset Management Inc. Expand Korea?s National AI Factory Infrastructure Buildout
NAVER Corporation, NVIDIA Corporation and Brookfield Asset Management Inc. announced a proposed expansion of Korea's sovereign AI factory infrastructure, with planned investments that will grow the initial NVIDIA DSX AI factory deployment to 200 megawatts ? more than tripling the 55-megawatt
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NVIDIA is investing $1 billion to acquire a 4.5% stake in NAVER Corp, while Brookfield commits up to $9 billion to expand South Korea's AI infrastructure. The partnership will scale NAVER's GAK Sejong data center from 55 megawatts to 200 megawatts by 2028, with ambitions to reach gigawatt-scale capacity. This marks a strategic push to build sovereign AI infrastructure that can fuel Korea's AI ecosystem and compete globally.
NVIDIA's $1 Billion Investment Secures Strategic Stake in NAVER Corp
NVIDIA Corp has agreed to invest $1 billion in NAVER Corp through a third-party share allotment, acquiring approximately 7.24 million newly issued shares at 204,500 won ($140) each—representing a 4.5% stake in the South Korean internet and cloud service giant
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. This marks NAVER's first third-party share issuance in 22 years and its first since its 2008 KOSPI listing4
. Following the transaction, NVIDIA will become NAVER's third-largest shareholder, behind the National Pension Service with 9.25% and BlackRock Fund Advisors with 6.12%2
. NAVER shares jumped more than 10% on the announcement, reflecting investor confidence in the strategic partnership2
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Source: Korea Times
Brookfield's $9 Billion Investment Fuels AI Data Center Expansion
Brookfield Asset Management has entered into a nonbinding term sheet to provide up to $9 billion in financing for the AI infrastructure project, with NAVER funding the remaining amounts
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. This investment leverages Brookfield's established AI infrastructure platform, which manages approximately $100 billion of assets across data centers, compute, semiconductor manufacturing, and dedicated power generation1
. Sikander Rashid, Brookfield's global head of AI infrastructure, emphasized that the partnership combines "Brookfield's global AI infrastructure investment capabilities, NAVER's full-stack AI and data center operating expertise, and NVIDIA's accelerated computing platform to advance Korea's AI capabilities"1
. NVIDIA's planned investment is subject to customary closing conditions and NAVER finalizing at least $9 billion of committed financing for the project1
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Source: NVIDIA
Korea's National AI Factory Scales to 200 Megawatts by 2028
The NAVER NVIDIA Brookfield partnership will expand the initial NVIDIA DSX AI factory deployment at NAVER's GAK Sejong hyperscale data center in Sejong, South Korea, from 55 megawatts to 200 megawatts by 2028—more than tripling the original buildout announced last month
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. This hyperscale AI data centre will feature advanced NVIDIA AI infrastructure including the Vera Rubin and Blackwell platforms, with capacity for approximately 100,000 NVIDIA GPUs2
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. NAVER aims to begin generating revenue from the AI factory business next year, with a 55-megawatt facility scheduled to begin operations in the first half of 20274
. The facility will provide production-scale AI compute for building next-generation AI models, agents, and AI-powered services for Korea- and U.S.-based AI innovators1
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Building Sovereign AI Infrastructure at Gigawatt Scale
NAVER intends to expand its deployment of NVIDIA AI infrastructure to 1 gigawatt—about four times the maximum capacity of GAK Sejong, South Korea's largest hyperscale data center
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. This gigawatt-scale global AI infrastructure represents a scale capable of accommodating hundreds of thousands of NVIDIA's latest GPUs at once2
. The partnership builds on a June announcement where NAVER and NVIDIA agreed to jointly pursue the development of gigawatt-scale infrastructure, aiming to tap demand for sovereign AI from the Asia-Pacific region, Europe, and the Middle East2
. NVIDIA CEO Jensen Huang has advocated that nations should build and control their own AI infrastructure, a strategy that could broaden NVIDIA's customer base beyond major U.S. hyperscalers2
. "AI factories are the infrastructure nations need to compete and innovate in the intelligence era," Huang stated1
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Source: Benzinga
Strengthening Korea's AI Ecosystem and Global Competitiveness
The expanded AI infrastructure will provide enterprises, industries, government organizations, and global AI cloud customers with access to full-stack, lowest-cost AI factory infrastructure
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. NAVER founder and chairman Haejin Lee emphasized that "NVIDIA's planned strategic investment and our infrastructure supply agreement with Brookfield have propelled NAVER's vision for the AI factory business into a robust execution phase"1
. NAVER CEO Choi Soo-yeon described the investments from NVIDIA and Brookfield as "an important milestone for NAVER's future growth and provide an opportunity for the company to expand rapidly into the global AI infrastructure market by leveraging its technology and infrastructure"4
. The partnership extends NVIDIA's presence in Korea's AI ecosystem, building on existing collaborations with SK Hynix, SK Telecom, and Doosan announced in June3
. As an NVIDIA Cloud Partner, Naver Cloud provides deep expertise in operating hyperscale infrastructure powered by the full-stack NVIDIA AI platform, with more than 20 years of infrastructure operating experience1
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