NAVER agrees $1bn strategic equity investment from NVIDIA
The share subscription supports NAVER’s AI factory expansion; payment is scheduled for November 6.
NAVER signed a $1 billion strategic equity agreement with NVIDIA on July 24, 2026. NVIDIA agreed to subscribe for newly issued shares, providing capital for NAVER’s AI factory business.
The investment was conditional on NAVER securing at least $9 billion in computing infrastructure. NAVER said its October agreement with Brookfield met that condition. Brookfield’s infrastructure investment will sit in a separate vehicle that supplies computing capacity to NAVER Cloud.
An amended filing on October 30 set the NVIDIA payment date for November 6. The final share count will be determined using the agreed exchange-rate calculation. The subscription is the same July investment, with an updated settlement schedule.
Use of funds
Develop AI factory infrastructure and related services