Nvidia Buys 4.5% Stake in Naver for $1 Billion to Finance Korean AI Data Centers
Nvidia will acquire a 4.5% stake in South Korean internet and cloud services firm Naver in a $1 billion investment financed through a third-party share issuance raising 1.48 trillion won.
The capital will fund a $9 billion data center and GPU infrastructure expansion managed by investment partner Brookfield. Naver will also cancel 4.9 million treasury shares valued at approximately 1 trillion won, with the buyback scheduled for Aug. 3.
From the sources (25 posts)
@photoncapNVIDIA and KAIST Launch Joint AI Research Lab to Accelerate AI Innovation in Korea Collaboration Will Provide World-Class AI Infrastructure, Research Funding, Internships and Joint Appointments to Advance Agentic AI Model Development for Ko
@financialjuiceNvidia, SK Group unveil AI project valued at over $500 billion
@financialjuiceNvidia to invest $1 billion, Brookfield up to $9 billion to expand Naver AI data center
@financialjuiceNvidia: SK Telecom plans 2-gigawatt AI data center with Vera Rubin chips, SK Hynix HBM4 memory
@financialjuiceNaver, Nvidia, Brookfield to boost AI data center with up to $10 billion investment
@tradfi*NVIDIA WORKING WITH SK ON ‘AI INITIATIVE’ WORTH TOTAL OF $500B *NVIDIA TO GET ACCESS TO SK HYNIX MEMORY AS PART OF AGREEMENT #NVDA • #SKHY
@gurgavin*NVIDIA WORKING WITH SK HYNIX ON ‘AI INITIATIVE’ WORTH A TOTAL OF $500 BILLION DOLLARS $NVDA $SKHY
@stocksavvyshay$NVDA is working with $SKHY on a $500B AI initiative. The plan includes a 2-gigawatt AI data center powered by Nvidia Vera Rubin chips and SK Hynix HBM4 memory.
@polymarketmoneyBREAKING: Nvidia is working with SK hynix on a $500,000,000,000.00 AI initiative.
@wallstengine$NVDA AND SK GROUP UNVEIL AI INITIATIVE VALUED AT OVER $500B The agreement gives Nvidia access to SK Hynix $SKHY memory, while SK Telecom plans to build a 2-gigawatt AI data center powered by Nvidia’s Vera Rubin chips and SK Hynix HBM4. ht
@yoolimleenewsNvidia to invest $1 billion in Naver and expand SK Group accord
@techmemeNvidia plans to invest $1B in Naver to help finance an AI data center in South Korea, and partners with SK Group to build more than 2 GW of AI data centers (@ianmking / Bloomberg) (Visit Techmeme dot com for the link and full context!)
@techmemeNvidia and SK Group unveil a $500B+ AI initiative that includes an SK Hynix partnership to secure next-gen memory supply for Nvidia and joint development of HBM (Reuters) (Visit Techmeme dot com for the link and full context!)
@businessThe funding will allow Naver, an internet and cloud service provider, to more than triple the size of the facility, Nvidia said late Friday
@firstsquawkNvidia and SK Group Launch AI Initiative Worth More Than $500 Billion
@firstsquawkNaver, Nvidia and Brookfield Unveil Up to $10 Billion Funding Plan for AI Data Center Expansion
@reutersSamsung, SK Hynix to announce major chip deals with US tech companies, Seoul says
@firstsquawkSK Group Chairman Chey Tae-won says the announced mega projects are realistic and attainable.
@bloombergtvNvidia President & CEO Jensen Huang tells Bloomberg's Ed Ludlow “This is the golden ages for Korea" after teaming up with SK Group to build more than 2 gigawatts of AI data centers on the Korean Peninsula. Watch the full interview: http
@financialjuiceSamsung Elec, SK Hynix to pursue 1,375 trillion won chip alliance with U.S. tech firms: South Korea presidential advisor
@firstsquawkSamsung Electronics, SK Hynix Eye 1,375 Trillion Won Semiconductor Alliance With U.S. Big Tech: Newsis
@financialjuiceSamsung Electronics, Broadcom sign MOU for advanced memory chip-foundry pact worth $20 billion over 5 years - media
@financialjuiceSK Group to provide $750 billion in chips to U.S. tech firms including Nvidia: Yonhap
@firstsquawkSK Group Eyes $750 Billion Chip Supply Deals With U.S. Tech Firms, Including NVIDIA: Yonhap
@jukan05Kim Yong-beom, Chief of Staff for Policy: “Samsung Electronics and Broadcom have signed an MOU covering the supply of $200 billion (KRW 290 trillion) worth of advanced memory semiconductors over the next five years, as well as foundry coope