Nvidia invests $1 billion in Naver, expands Korean AI factory to 200 MW by 2028 FAST-MOVING
Nvidia announced a strategic investment of about $1 billion in South Korean internet firm Naver Corp., acquiring roughly a 4.5% equity stake. The funding is part of a larger $10 billion financing package that also includes a non‑binding term sheet from Brookfield to provide up to $9 billion. Together, the partners will expand the NVIDIA DSX AI‑factory at Naver’s GAK Sejong hyperscale data centre from the initial 55 megawatts to 200 megawatts by 2028, with a longer‑term target of a sovereign AI capacity of 1 gigawatt.
The expanded facility will use NVIDIA’s Vera Rubin and Blackwell platforms and is intended to serve AI innovators in Korea and the United States. Following the announcement, Naver’s shares rose roughly 10% in early trading, reflecting investor optimism about the capital injection and the accompanying plan to retire a portion of the company’s own shares. The deal was highlighted during the AI Summit in San Francisco attended by Korean President Jae‑Myung Lee.
Nvidia’s investment marks a deepening of its partnership with Naver, turning the chip maker into one of Naver’s top three shareholders and anchoring a national AI‑infrastructure push that could position South Korea as a global AI‑compute hub.
Entities: Brookfield Asset Management · GAK Sejong data centre (South Korea) · Jae‑Myung Lee · Jensen Huang · Naver Corp. · Nvidia Corp. · Nvidia Corporation · SK Group · Sejong Data Center
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 7 SOURCES] The AI factory deployment at Naver's GAK Sejong data center will increase from 55 MW to 200 MW by 2028. (AI‑factory capacity expansion)
- [● 6 SOURCES] Brookfield has a non-binding term sheet to provide up to $9 billion for the AI‑factory project. (Brookfield financing term sheet)
- [● 6 SOURCES] Total financing for the AI‑factory expansion is about $10 billion. (Overall project financing)
- [● 5 SOURCES] The eventual goal is a sovereign AI capacity of 1 GW. (Long‑term AI capacity goal)
- [● 6 SOURCES] NVIDIA and SK Group are cooperating on AI data‑centres totalling more than 2 GW in South Korea. (NVIDIA, SK Group)
- [● 12 SOURCES] Nvidia is investing $1 billion in Naver Corp. (Nvidia investment of $1 billion in Naver)
- [● 3 SOURCES] Naver’s shares fell about 6% after the AI‑factory financing announcement. (Market reaction)
- [● 4 SOURCES] NVIDIA CEO Jensen Huang said Korea is entering a “golden age” for AI. (Jensen Huang)
- [● 2 SOURCES] Nvidia's investment gives it a ~4.5% equity stake, making it one of Naver’s three largest shareholders. (Equity stake)
- [● 3 SOURCES] The expanded AI factory will use NVIDIA DSX platform with Vera Rubin and Blackwell hardware. (Technology platform)
- [● 3 SOURCES] Naver shares rose about 10% after the investment announcement. (Share price reaction)