Naver secures $9 billion Brookfield financing to launch AI factory and meet Nvidia investment condition
Naver Corp. signed a contract with Brookfield Asset Management that provides up to $9 billion to fund AI‑computing infrastructure, allowing the company to satisfy the prerequisite for Nvidia’s planned $1 billion equity investment. Brookfield will create an SPV, called “Asset Co.”, which will supply GPUs and data‑center capacity to Naver Cloud, the operator of the AI factory. The factory will start with 55 MW of capacity in the first half of 2027 and scale to 200 MW in 2028, with a long‑term target of 1 GW. Naver will guarantee the usage‑fee payments of its subsidiary for a period of up to eight years.
Why it matters
The financing reduces Naver’s upfront capital outlay, enabling rapid expansion of its AI infrastructure business. Nvidia’s $1 billion equity stake, contingent on the Brookfield funding, will make it a 4.5 % shareholder and third‑largest owner, deepening technology collaboration.
Key facts
- 1Brookfield will invest up to $9 billion to acquire AI infrastructure such as GPUs and data centres. digitaltoday.co.kr
- 2The investment satisfies the condition for Nvidia’s planned $1 billion strategic equity investment in Naver. digitaltoday.co.kr
- 3Brookfield will establish a special‑purpose vehicle named “Asset Co.” that will be 100 % funded by Brookfield but consolidated as a Naver subsidiary under K‑IFRS. digitaltoday.co.kr
- 4Naver Cloud will operate the AI factory and will pay usage fees linked to business revenue. biz.chosun.com
- 5Naver will provide a payment guarantee for up to eight years covering the usage‑fee obligations of Naver Cloud. biz.chosun.com
- 6The AI factory will begin operating 55 MW of capacity in the first half of 2027 and expand to 200 MW in 2028. biz.chosun.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.