On October 27, NAVER announced that it has signed a $9 billion (approximately 12 trillion KRW) contract for computing power infrastructure acquisition with global alternative asset management firm Brookfield, fulfilling the precondition for NVIDIA's strategic equity investment. NAVER's $1 billion (approximately 1.3 trillion KRW) third-party share issuance process aimed at NVIDIA is expected to be completed soon, after which NVIDIA will become NAVER's third-largest shareholder. The three parties announced a total of $10 billion (approximately 13.3 trillion KRW) global AI factory construction plan in July this year: NAVER is responsible for building GPU clusters and operating data centers, NVIDIA will provide technical collaboration with next-generation high-performance computing platforms such as DSX, and Brookfield will handle infrastructure financing. On October 24 (local time), NAVER Chairman Lee Hae-jin and NVIDIA CEO Jensen Huang signed a $1 billion strategic investment agreement at NVIDIA's headquarters in California, USA. NAVER stated that this division of labor allows it to avoid directly bearing large capital expenditures for data center construction and GPU procurement, enabling it to focus on AI infrastructure operations and customer acquisition.
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NAVER Signs $9 Billion Computing Power Contract with Brookfield; NVIDIA to Become Third Largest Shareholder with $1 Billion Investment
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