NVIDIA (輝達) will spend $1 billion (about NT$32.3 billion) to subscribe to newly issued Naver (Naver) stock, providing funding for Naver to expand its AI data center, according to TechNews. The mechanics of the placement were confirmed by Naver itself and reported identically by CNA: Naver said it will place 7.2 million new shares to NVIDIA at a price of KRW204,500 per share.
| Item | Detail |
|---|---|
| Investment amount | $1 billion (about NT$32.3 billion) |
| Share price | KRW204,500 per share |
| Shares placed | 7.2 million new shares |
Naver, NVIDIA, and investment manager Brookfield (布魯克菲爾德) jointly announced on July 24, 2026 that the three parties plan to commit up to $10 billion to expand Naver's AI data center in South Korea, per both TechNews and CNA. Within that structure, NVIDIA's $1 billion equity subscription is only one piece — Naver said Brookfield will separately provide financing of up to $9 billion.
| Contributor | Amount | Role |
|---|---|---|
| NVIDIA | $1 billion | Equity subscription (7.2M new shares) |
| Brookfield | up to $9 billion | Financing |
| Combined three-party plan | up to $10 billion | Announced July 24, 2026 |
Once the transaction completes, NVIDIA will become one of Naver's largest shareholders, holding a 4.5% stake, according to both TechNews and CNA's identical reporting.
As of the end of 2025, the National Pension Service (國民年金公團) was Naver's largest shareholder with a 9.25% stake, followed by BlackRock Fund Advisors (貝萊德基金) at 6.12%, per TechNews and CNA. NVIDIA's incoming 4.5% stake would place it behind both of these existing holders in terms of percentage ownership, based on the disclosed figures.
| Shareholder | Stake | As of |
|---|---|---|
| National Pension Service | 9.25% | End of 2025 |
| BlackRock Fund Advisors | 6.12% | End of 2025 |
| NVIDIA (post-transaction) | 4.5% | After deal completes |
Naver's stock jumped more than 10% on the day the investment news broke, according to TechNews's July 27, 2026 report.
The data center will be located within Naver's GAK Sejong data center campus in Sejong City, South Korea, and will use NVIDIA's Vera Rubin and Blackwell chip platforms, according to both TechNews and CNA. Power capacity is expected to reach 200 kilowatts, reported as megawatts (200MW), by 2028.
Naver and NVIDIA announced an agreement in June 2026 to jointly pursue gigawatt (GW)-scale AI infrastructure development globally, aimed at meeting sovereign AI demand across the Asia-Pacific, Europe, and the Middle East, per TechNews. Naver has said that 1 gigawatt is roughly four times the maximum power capacity of the GAK Sejong data center, and would be enough to simultaneously house hundreds of thousands of NVIDIA's latest GPUs.
The figures disclosed by TechNews and CNA outline a layered deal: NVIDIA's $1 billion share subscription (7.2 million shares at KRW204,500 each) sits inside a larger $10 billion three-party financing plan with Brookfield, whose up-to-$9 billion contribution accounts for most of that total. The resulting 4.5% stake would make NVIDIA one of Naver's largest shareholders, but still behind the National Pension Service's 9.25% and BlackRock's 6.12% as recorded at the end of 2025 — meaning the deal reshapes Naver's shareholder ranks without unseating its top two holders. Separately, the GAK Sejong campus's targeted 200MW by 2028 is a fraction of the gigawatt-scale ambition Naver and NVIDIA described in their June 2026 agreement, where Naver itself noted that 1 gigawatt equals roughly four times GAK Sejong's current maximum capacity — underscoring that this week's investment funds an expansion still well short of the companies' longer-term infrastructure target.
Naver said it will place 7.2 million new shares to NVIDIA at a price of KRW204,500 per share, according to TechNews and CNA.
NVIDIA will hold a 4.5% stake and become one of Naver's largest shareholders once the transaction completes, per TechNews and CNA.
As of the end of 2025, the National Pension Service held 9.25% of Naver, making it the largest shareholder, followed by BlackRock Fund Advisors at 6.12%, according to TechNews and CNA.
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