Nvidia will invest $1 billion in South Korea's Naver and expand its cooperation agreement with SK Group.

NVIDIA (NVDA.O) announced it will invest $1 billion in South Korean internet and cloud service provider Naver to support its under-construction AI data center project in the country. The tech giant noted the funding will expand Naver’s data center scale by more than twofold. 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. Separately, NVIDIA has partnered with SK Group to build an AI data center cluster in South Korea with total computing power exceeding 2 gigawatts—an electricity load roughly sufficient to meet the needs of 1.5 million households. NVIDIA revealed that the first AI computing power facility, to be constructed by SK Telecom, will go into operation next year. NVIDIA CEO Jensen Huang stated: “South Korea is entering a golden period of development. Its semiconductor and industrial sectors are booming, and the country has the full capability to build AI infrastructure for the global market.”