U.S. chip giant Nvidia Corp. CEO Jensen Huang (R), accompanied by Lee Hae-jin, founder and Chair of internet giant Naver Corp., acknowledge visitors during their meeting at the Naver headquarters in Seongnam, south of Seoul, South Korea, 08 June 2026. Photo by YONHAP / EPA
July 27 (Asia Today) -- Nvidia plans to invest $1 billion in South Korean technology company Naver as the companies expand a partnership to build large-scale artificial intelligence infrastructure.
Naver said Monday it would issue about 7.24 million new shares to Nvidia through a private placement. The transaction would give the U.S. chipmaker a stake of about 4.5%, making it Naver's third-largest shareholder.
Payment for the shares is scheduled for Oct. 30.
The investment would deepen a partnership announced in June to build global AI factories serving demand for sovereign AI, which refers to AI infrastructure and models operated under a country's own laws and data controls.
