Nvidia Completes $1 Billion Investment in Naver, Takes 4.13% Stake

Nvidia completed its $1 billion investment in South Korean internet company Naver on Friday, acquiring a 4.13% stake through a third-party share allotment, according to regulatory filings. According to Odaily, Naver privately issued more than 6.5 million shares, raising about 1.3 trillion won. The investment is expected to accelerate an AI factory partnership the companies announced in June. Naver plans to build GPU-based infrastructure starting at its Gak Sejong data center in Sejong City and expand its GPU-as-a-Service business.