8/102 sources · 2 publishersUpdated Oct 30, 06:23 UTC
Nvidia to invest $1 billion in Naver, taking a 4.54% stake
Nvidia will commit $1 billion to Naver, becoming its third‑largest shareholder with a 4.54% ownership stake. Naver will issue new shares priced at 204,500 won each, with trading of those shares slated to begin on 27 Nov. The capital will fund a joint AI factory and expand Naver’s computing infrastructure.
Why it matters
The share issuance will dilute existing Naver shareholders while providing Nvidia exposure to the Korean AI market, which could affect both companies' valuations. The partnership may accelerate AI product development for Naver, potentially boosting its revenue growth.
Key facts
- 1Nvidia will invest $1 billion in Naver. koreatimes.co.kr
- 2The investment will give Nvidia a 4.54% stake, making it Naver's third‑largest shareholder. econotimes.com
- 3Naver will issue new shares at 204,500 won each. econotimes.com
- 4Trading of the new shares is set to start on 27 Nov. econotimes.com
- 5The investment supports a joint AI factory development. econotimes.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.