Nvidia completes its $1 billion investment in Naver and takes a 4.13% stake
Yonhap, citing Naver's regulatory filing, says Naver issued over 6.5 million shares in a private placement and received 1.3 trillion won; the money is meant to speed the two companies' joint AI factory venture.
Why it matters
Nvidia paid the full US$1 billion on Friday and received 4.13% of Naver through a third-party rights offering, according to Yonhap's reading of Naver's filing. The stake ties Nvidia more closely to a Korean portal operator that plans to build GPU-based infrastructure, starting with its Gak Sejong data centre, and to grow its GPU-as-a-service business. The deal follows a joint AI factory venture announced in June and a strategic agreement signed in California on 24 July. Terms beyond the share count and proceeds were not given in the report. Watch how quickly Gak Sejong capacity comes online and whether Naver sells GPU capacity outside its own services.
Key facts
- Nvidia finalised payment of US$1 billion (1.3 trillion won) on Friday 6 November
- Acquired 4.13% of Naver through a third-party rights offering
- Naver issued over 6.5 million shares in a private placement
- Stake speeds the joint AI factory venture announced in June
- Naver to build GPU infrastructure starting with its Gak Sejong data centre
- Strategic agreement signed in California on 24 July 2026