Nvidia acquires 4.13% stake in Naver with $1b investment

The alliance between Nvidia and Naver has deepened. Nvidia has invested around 1.3 trillion won ($969 million) to acquire a 4.13% stake in Naver.

Naver said Tuesday that the won-denominated proceeds from Nvidia's $1 billion investment had been finalized at 1.34 trillion won, issuing a corrected regulatory disclosure.

Nvidia will subscribe to 6,558,435 newly issued Naver shares at 204,500 won per share. Once payment is completed Friday, Nvidia will hold approximately 4.13% of Naver.

Compared with the earlier preliminary figures, the won-denominated investment amount fell by about 139.7 billion won and the number of new shares decreased by roughly 680,000. The adjustments reflect exchange rate fluctuations; the investment amount in dollar terms remains unchanged.

The investment is part of a joint project between Naver and Nvidia to build global AI factories. Naver will lead the construction and operation of data centers, while Nvidia will supply GPUs.