Naver, Nvidia join hands to establish 200 MW AI factory by 2028

Go to Contents Go to Navigation Facebook X More Pinterest Linked in Tumblr Reddit Facebook Messenger Copy URL URL is copied. OK SEOUL, July 27 (Yonhap) -- Naver Corp. said in a regulatory filing Monday it has agreed on a strategic partnership with U.

S. chip giant Nvidia Corp. to jointly establish a massive, global artificial intelligence (AI) factory.

The South Korean portal operator will spearhead the acquisition of the data center site, as well as its construction and operations, while Nvidia will participate as the graphic processing unit supplier, according to the filing. The partnership is aimed at "seizing business opportunities in the global AI computing market and securing new revenue streams," the filing claimed. Under the agreement, Naver plans to gradually expand the initial NVIDIA DSX AI factory build-out at the GAK Sejong data center from 55 megawatts to 200 megawatts by 2028, with the ultimate goal to expand infrastructure to outside of the Asia-Pacific region, the filing said.

Nvidia plans to make an equity investment of around US$1 billion by acquiring common shares of Naver through a third-party private placement. Brookfield is expected to provide the $9 billion worth of computing infrastructure through project financing, and Naver is set to designate the Toronto-based asset manager as the preferred bidder for the next 12 weeks as they continue discussions to finalize the agreement. The expected investments will be made through 2028, but the amount that will directly come from Naver has not been decided yet, the latest report said.

The announcement came after a high-level meeting held last week with the heads of South Korean conglomerates and tech giants from the United States, which came on the sidelines of President Lee Jae Myung's visit to San Francisco. Nvidia Corp.'s chief executive officer (CEO) Jensen Huang, South Korean President Lee Jae Myung, and Naver Corp.'

s founder and board chair, Lee Hae-jin, pose for a photo at an event in San Francisco, United States, on July 25, 2026. (Yonhap) fairydust@yna.co.

kr(END) Keywords #Naver #Nvidia #AI factory Articles with issue keywords Most Liked 'Dracula' featuring Jennie maintains No. 5 on Billboard 100 'Agent Kim Reactivated' reigns atop Netflix's weekly non-English chart for 3rd week Nam Joo-hyuk to star in new Disney+ crime thriller 'Code' Actor Lee Dong-wook promises intense action, catharsis in 2nd season of 'A Shop for Killers' Psy's 'Gangnam Style' tops 6 billion YouTube views Most Saved Disney+ to release 2nd season of 'Made in Korea' in Sept. (LEAD) S.

Korea, U.S. open shipbuilding partnership center to advance MASGA initiative (URGENT) S.

Korea's Daejeon selected as host city for 2029 Invictus Games: veterans ministry Actor Lee Dong-wook promises intense action, catharsis in 2nd season of 'A Shop for Killers' Lee's apartment sold for 2.9 bln won Most Viewed All Categories Russia preparing to receive another 30,000 N. Korean troops for Ukraine war: Zelenskyy President Lee wraps up visit to San Francisco, heads to S.

America SK hynix expected to post record 64.1 tln won in Q2 operating profit: report Lee says emergence of AI era offers S. Korea new opportunity S.

Korea's travel account posts surplus for 3rd consecutive month in May: data Most Viewed More Most Viewed Photos Lee attends San Francisco AI Summit Lee meets Koreans in San Francisco S. Korean biz leaders in San Francisco Summer ocean prev Naver, Nvidia join hands to establish 200 MW AI factory by 2028 Next Naver, Nvidia join hands to establish 200 MW AI factory by 2028 Main Article Right Now Lee arrives in Brazil for summit with Lula, business roundtable Seoul shares open higher on eased Mideast tensions, mega chip deals Russia preparing to receive another 30,000 N. Korean troops for Ukraine war: Zelenskyy N.

Korea covers inter-Korean border building in screens for apparent renovation work Lee orders retention of oil price caps until price uncertainty completely recedes Lee's approval rating falls for 2nd consecutive week: poll HOME All News HOME TOP Send Feedback Close How can we improve? Enter your feedback here. To help protect your privacy, don't include personal information, like your name or address.

Thanks for your feedback! CLOSE SEOUL, July 27 (Yonhap) -- Naver Corp. said in a regulatory filing Monday it has agreed on a strategic partnership with U.

S. chip giant Nvidia Corp. to jointly establish a massive, global artificial intelligence (AI) factory.

The South Korean portal operator will spearhead the acquisition of the data center site, as well as its construction and operations, while Nvidia will participate as the graphic processing unit supplier, according to the filing. The partnership is aimed at "seizing business opportunities in the global AI computing market and securing new revenue streams," the filing claimed. Under the agreement, Naver plans to gradually expand the initial NVIDIA DSX AI factory build-out at the GAK Sejong data center from 55 megawatts t