Key facts
- Naver issued more than 6.5 million shares to Nvidia through a private placement, raising 1.3 trillion won (US$1 billion), per its filing.
- Nvidia's 4.13 percent stake is meant to speed up the companies' joint AI factory venture announced in June.
- Naver plans GPU-based infrastructure starting with its Gak Sejong data center to expand GPU-as-a-service.
Nvidia Corp. completed a US$1 billion investment in Naver Corp. on Friday, November 6, 2026, and received 4.13 percent of the South Korean portal operator's shares through a third-party rights offering, Yonhap reported.
Naver said in a regulatory filing that it issued more than 6.5 million shares through a private placement involving the U.S. chipmaker and received 1.3 trillion won (US$1 billion) in proceeds.
The stake is intended to speed up a joint artificial intelligence factory venture the two companies announced in June. Naver plans to build graphics processing unit-based infrastructure, starting with its Gak Sejong data center in the central city, to expand its GPU-as-a-service business.
Nvidia CEO Jensen Huang and Naver founder and chairman Lee Hae-jin signed the strategic agreement at the chipmaker's California office on July 24, 2026, according to a photo Naver provided to Yonhap.