Nvidia invests $1B in Naver to expand AI infrastructure

In a major expansion of its artificial intelligence infrastructure in Asia, U.S. chipmaker Nvidia has agreed to invest $1 billion in South Korea's Naver Corp. and announced a separate commercial partnership with SK Group valued at over $500 billion. The deals, unveiled on Friday, July 24, 2026, coincide with a diplomatic visit to Silicon Valley by South Korean President Lee Jae Myung and represent a significant deepening of Nvidia's strategic ties to the country's semiconductor and technology sectors.

Nvidia's $1 billion investment in Naver will be made through a private placement of newly issued shares. The capital is part of a broader $10 billion financing plan to expand an AI data center under construction at Naver's GAK Sejong hyperscale facility in Sejong, South Korea. The project aims to more than triple the site's capacity from 55 megawatts to 200 megawatts by 2028. Canadian asset manager Brookfield has signed a non-binding term sheet to provide up to $9 billion in project financing for the expansion, with Naver covering any remaining costs.

The expanded facility will operate as an "AI factory" using Nvidia's DSX AI platform and its advanced chip architectures, including...