Nvidia to Invest $1B in South Korea's Naver for AI Infrastructure

Nvidia is investing about $1 billion in South Korea's Naver, buying 7.2 million newly issued shares at 204,500 won ($139.45) each — roughly a 1% discount to Friday's closing price, Benzinga reports. The announcement came during South Korean President Lee Jae Myung's visit to the AI Summit in San Francisco on July 24.

• The money will expand the GAK Sejong AI data center in Sejong from its current 55MW to 200MW by 2028, with a long-term target of 1 gigawatt.
• Nvidia is acting as GPU supplier (Vera Rubin and Blackwell architectures), not as a revenue-sharing partner.
• Brookfield Asset Management has signed a non-binding term sheet to fund up to $9 billion more for the broader project.
• Nvidia's $1 billion investment is conditional on Naver securing at least $9 billion in separate committed financing.

“AI factories are the infrastructure nations need to compete and innovate in the intelligence era.”

— Jensen Huang, founder and CEO of Nvidia

Quote source: Nvidia's official press release.

The deal expands a partnership first announced in June 2025 that also includes SK Hynix, SK Telecom, and Doosan — this is Nvidia systematically building out its presence in South Korea's AI infrastructure, not a one-off deal. It's part of the same broader pattern as Nvidia's talks to guarantee $500 billion in financing for OpenAI's Ohio data center — the company is simultaneously acting as chip supplier and financial backer for the biggest AI infrastructure projects on multiple continents at once.

None of this should be read as personalized investment advice.