Published • loading... • Updated
South Korea's Naver Jumps 10% on Nvidia's US$1 Billion Investment Plan
The deal will help expand Naver’s AI data centre capacity to 200MW by 2028 and support Nvidia’s DSX platform, the report said.
- On Friday, Naver Chairman Lee Hae-jin and Nvidia CEO Jensen Huang signed a $1 billion strategic investment agreement at Nvidia's California headquarters, securing a 4.5 percent stake for the chipmaker.
- The investment follows an agreement between the two companies in June 2026 to jointly develop gigawatt-scale AI factories, expanding their partnership beyond Nvidia's role in supplying graphics processing units .
- Naver announced on Monday that it will issue about 7.24 million new shares to Nvidia, while planning to cancel about 4.9 million treasury shares worth about 1 trillion won on Aug. 3 to offset dilution.
- Following these moves, Nvidia is expected to become Naver's third-largest shareholder behind the National Pension Service and BlackRock, marking Naver's first share sale in 22 years since its 2008 KOSPI listing.
- The funding supports a wider $10 billion financing plan to increase the GAK Sejong AI data centre capacity by 2028, while reports indicate Naver is seeking to acquire cryptocurrency exchange operator Dunamu in a $10.3 billion deal.
Insights by Ground AI
Podcasts & Opinions
19 Articles
19 Articles
The Hamilton SpectatorReposted by 
North Bay Nipissing
North Bay NipissingNAVER, NVIDIA and Brookfield to Expand Korea’s National AI Factory Infrastructure Buildout
Planned Investments to Scale NAVER’s Initial Multi-Tenant NVIDIA DSX AI Factory to 200 Megawatts by 2028, Fueling Next Generation of Korea and US AI Innovators
·Hamilton, Canada
Read Full Article
The Economic TimesReposted by 
Times of India
Times of IndiaSouth Korean shares turn lower as chipmakers fall ahead of earnings
South Korean shares turned lower on Monday as chipmakers fell. Samsung Electronics and SK Hynix declined ahead of their earnings reports. New AI initiatives were announced involving major South Korean and US tech firms. E-commerce firm Naver jumped significantly on an investment partnership with Nvidia. Foreign investors were net sellers of shares, and the South Korean won weakened.
·Mumbai, India
Read Full Article
Coverage Details
Total News Sources19
Leaning Left3Leaning Right6Center4Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
L 23%
C 31%
R 46%
Factuality
To view factuality data please Upgrade to Premium
