Huo Xing Finance reports that on July 25, NVIDIA (NVDA.O) announced an investment of $1 billion in South Korean internet and cloud service provider Naver to support its ongoing AI data center project in Korea. NVIDIA stated that this funding will more than triple the scale of Naver’s data center. The project is jointly developed by Naver and U.S. private equity firm Brookfield Group, and will be fully equipped with NVIDIA AI computing hardware. In addition, NVIDIA has partnered with the SK Group to build an AI data center cluster in Korea with a total computing power exceeding 2 gigawatts—roughly equivalent to the electricity demand of 1.5 million households. NVIDIA revealed that the first AI computing facility built by SK Telecom is scheduled to come online next year. NVIDIA CEO Jensen Huang said, “Korea is entering a golden era of growth. The country’s semiconductor industry and industrial sectors are thriving, demonstrating full capability to build AI infrastructure for the world.”
NVIDIA to Invest $10 Billion in Naver for AI Data Center Expansion in South Korea
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Summary
On July 25, NVIDIA (NVDA.O) announced it will invest $10 billion in Naver, a South Korean internet and cloud service provider, to expand its AI data center initiative. This funding, part of the AI + crypto news cycle, will more than double Naver’s data center capacity. U.S. private equity firm Brookfield is also participating. NVIDIA is additionally collaborating with SK Group to develop an AI data center cluster with over 2 gigawatts of computing power; the first facility, led by SK Telecom, is scheduled to launch next year. Inflation data remains a key macroeconomic factor for investors monitoring tech and crypto markets.
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