Nvidia is pouring $1 billion into South Korea’s AI infrastructure through Naver and SK Group

Nvidia is investing $1 billion in South Korean internet company Naver to finance an AI data center expansion from 55 megawatts to 200 megawatts, and announced a $500 billion commercial partnership with SK Group spanning memory chips and data centers, Nvidia CEO Jensen Huang said during South Korean President Lee Jae Myung's Silicon Valley visit. The deals include Nvidia buying memory chips from SK Hynix and SK Group purchasing Nvidia supercomputers, with SK Telecom building over 2 gigawatts of AI data centers on the Korean Peninsula.

TL;DR Nvidia is investing $1 billion in Naver and building a $500 billion commercial partnership with SK Group spanning data centers and memory chips Jensen Huang called it the golden age for Korea as the deals, announced during President Lee Jae Myung's Silicon Valley visit, span data centers, memory chips, and AI supercomputers Nvidia is investing $1 billion in Naver and building a $500 billion commercial partnership with SK Group spanning data centers and memory chips Nvidia will invest $1 billion in South Korean internet company Naver to help finance an AI data center under construction in South Korea, the chipmaker announced late Friday. The funding will allow Naver to more than triple the size of the facility from 55 megawatts to 200 megawatts, with US private equity firm Brookfield agreeing to a nonbinding term sheet to fund up to $9 billion for the project. The site will run on Nvidia’s AI computing hardware. Separately, Nvidia announced a long-term commercial partnership with SK Group that it described as worth more than $500 billion. The figure includes money Nvidia will spend buying memory chips from SK Hynix, the world’s largest supplier of high-bandwidth memory, as well as purchases by SK Group of Nvidia’s supercomputers. SK Telecom will build more than 2 gigawatts of AI data centers on the Korean Peninsula, with the first facility due to open next year. The announcements coincide with a visit to Silicon Valley by South Korean President Lee Jae Myung, and additional tech deals between Korean and American companies are reportedly in the works. Nvidia CEO Jensen Huang told Bloomberg https://www.bloomberg.com/news/articles/2026-07-24/nvidia-to-invest-1-billion-in-naver-and-expand-sk-group-accord?srnd=phx-technology Television that South Korea is in a “ golden age, ” pointing to the country’s booming semiconductor and industrial businesses as reasons to invest. Nvidia will also help SK Hynix design future high-bandwidth memory chips, an effort to guarantee access to the component that remains in short supply because of the global buildout of AI data centers. The Korea deals are the latest in a year-long investment spree https://thenextweb.com/news/nvidia-40bn-ai-equity-investments-2026 in which Nvidia has committed more than $40 billion to AI equity positions, including $30 billion in OpenAI. Earlier this week the chipmaker signed a separate agreement with Amkor Technology to bolster chip packaging, and it recently completed a trip to Japan that included deals with Toyota and Japanese robotics firms. Critics have described the pattern as circular financing, in which Nvidia invests in companies that then buy its hardware, a structure the chipmaker has replicated https://thenextweb.com/news/nvidia-iren-2-1bn-warrant-5gw-sweetwater-ai-data-centers with data center operators, neoclouds, and now sovereign AI partners. For South Korea, the deals represent a bet that its semiconductor industry can remain central to the AI buildout even as geopolitical tensions reshape chip supply chains. Samsung and SK Hynix are the only two companies in the world capable of producing the advanced memory chips that Nvidia’s processors require, and locking in a design partnership with Nvidia gives SK Hynix a structural advantage over its rival. Huang has argued that every country should create its own sovereign AI capability, and South Korea, with its chipmaking expertise and abundant engineering talent, is among the best positioned to do so. Get the most important tech news in your inbox each week.