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South Korea AI funding & Nvidia partnership

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2026-07-27 00:50 UTC → 2026-07-27 02:19 UTC · added removed

South Korea AI funding & massive AI Nvidia partnership

On 25 July 2026 Nvidia announced a strategic equity investment of about $1 billion in Naver, acquiring roughly a 4.5 % of the company's shares, to expand the AI factory at Naver’s GAK Sejong hyperscale centre from 55 MW to 200 MW by 2028, with a longer‑term sovereign target of 1 GW. stake. The funding cash is part of a broader $10 billion AI‑factory programme that also includes a non‑binding term sheet from Brookfield Asset Management for up to $9 billion. Together the partners will expand the NVIDIA DSX AI‑factory at Naver’s GAK Sejong hyperscale centre from 55 MW to 200 MW by 2028, with a longer‑term sovereign target of 1 GW. Nvidia will deploy its Vera Rubin and Blackwell platforms in the expanded centre, platforms, and the compute pool will serve is intended for Korean and U.S. AI innovators. The announcement was highlighted at an AI summit in San Francisco attended by South Korean President Lee Jae‑Myung, and Nvidia reiterated its separate partnership with SK Group to build AI data‑centre capacity exceeding 2 GW, GW using the DS‑X platform and SK Hynix’s upcoming HBM4 memory. The announcements were highlighted at an AI summit in San Francisco attended by South Korean President Lee Jae‑Myung, and Nvidia CEO Jensen Huang said the deal would usher Korea into a “golden age” for AI. Following the news, memory from SK Hynix. Market reaction was mixed: some reports noted Naver’s shares fell about 6 % in Seoul trading as investors weighed the trading, while others observed a roughly 10 % rise in early trading, reflecting both dilution impact. concerns and optimism about the capital infusion and a planned share‑retirement. The deal makes Nvidia one of Naver’s top three shareholders and anchors a national push to position South Korea as a global AI‑compute hub.

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  1. 2026-07-27 02:19 UTC South Korea AI funding & Nvidia partnership
  2. 2026-07-27 00:50 UTC South Korea AI funding & massive AI partnership
  3. 2026-07-27 00:10 UTC South Korea AI funding & massive AI partnership
  4. 2026-07-26 10:52 UTC South Korea AI funding & massive AI partnership

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