Nvidia Invests $1 Billion in Naver to Expand South Korea AI Data Center

NVDA-0.83%
Naver-5.68%
SK-3.81%
According to Bloomberg, on July 24, Nvidia announced a $1 billion investment in South Korea's Naver Corp. to fund an AI data center being constructed with Brookfield Corp. The investment will more than triple the facility's size. The project centers on Naver's GAK Sejong campus, which initially had a 55-megawatt capacity with a roadmap to reach gigawatt scale by 2029. Nvidia is also working with SK Group on more than 2 gigawatts of AI data centers on the Korean Peninsula, with the first facility expected to open next year.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments