Nvidia is pouring $1 billion into South Korea’s AI infrastructure through Naver and SK Group

https://media.thenextweb.com/2026/07/nvidia-naver-sk-group-korea-ai-investment.avif

TL;DR

Nvidia is investing $1 billion in Naver and building a $500 billion commercial partnership with SK Group spanning data centers and memory chips

Nvidia will invest $1 billion in South Korean internet company Naver to help finance an AI data center under construction in South Korea, the chipmaker announced late Friday. The funding will allow Naver to more than triple the size of the facility from 55 megawatts to 200 megawatts, with US private equity firm Brookfield agreeing to a nonbinding term sheet to fund up to $9 billion for the project. The site will run on Nvidia’s AI computing hardware.

Separately, Nvidia announced a long-term commercial partnership with SK Group that it described as worth more than $500 billion. The figure includes money Nvidia will spend buying memory chips from SK Hynix, the world’s largest supplier of high-bandwidth memory, as well as purchases by SK Group of Nvidia’s...

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