South Korean internet giant Naver has agreed to a strategic partnership with Nvidia to jointly establish a 200-megawatt artificial intelligence factory, with completion targeted for 2028.
The deal was disclosed in a regulatory filing on Monday, marking a significant expansion of the chipmaker's direct involvement in global data center construction.
The announcement follows closely on the heels of Nvidia's recent $1 billion equity investment in Naver, which was part of a broader $10 billion capital commitment alongside Canadian private equity firm Brookfield.
The announcement follows closely on the heels of Nvidia's recent $1 billion equity investment in Naver, which was part of a broader $10 billion capital commitment alongside Canadian private equity firm Brookfield.
That earlier move was designed to finance Naver's expansion into AI infrastructure, and the new factory agreement represents the physical realization of that capital deployment.
For market participants, the development underscores the intensifying competition for AI compute capacity in Asia.
Nvidia is increasingly moving beyond pure hardware sales to take equity stakes and operational roles in the data centers that consume its GPUs.