Nvidia to Make $1 Bil. Investment in Naver Next Week
6 Articles
6 Articles
NVIDIA has made a $1 billion investment in Naver, securing a 4.54% stake and becoming the third-largest shareholder. With the completion of the infrastructure contract with Brookfield, the investment funds are scheduled to be deposited on the 6th of next month, and Naver plans to actively pursue its new AI Factory business based on this.
(Seoul = Yonhap News) Reporter Han Sang-yong = Nvidia invests $1 billion (approximately 1.35 trillion won) in Naver and joins as the third largest shareholder.
US semiconductor giant Nvidia will become the third-largest shareholder of South Korean internet giant Naver. Naver announced on the 30th that "the payment date for the investment funds we have decided to attract from Nvidia has been set for the 6th of next month." Through a private placement of shares, Nvidia will invest $1 billion (approximately 157 billion yen at current exchange rates; the same applies below), acquiring approximately 4.54% o…
[Digital Daily Reporter Chae Seong-oh] Naver has met the necessary conditions for NVIDIA's $1 billion strategic equity investment and finalized the payment schedule. The majority of the funds secured through this paid-in capital increase are expected to be invested in the Artificial Intelligence (AI) Factory business starting next year. Following the attraction of external investment, the schedule for capital execution to support mid-to-long-ter…
The process of NVIDIA investing approximately 1.48 trillion won in Naver to become the third-largest shareholder is set to be completed next month. With Naver meeting the prerequisite of securing $9 billion worth of computing infrastructure for NVIDIA's investment, capital and business cooperation between the two companies is expected to begin in earnest. Naver announced on the 30th that it has finalized the payment date for NVIDIA's third-party…
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