Nvidia to Become Naver's Third-Largest Shareholder With $1 Billion Investment

Naver is on the verge of becoming Nvidia's third-largest shareholder after the U.S. AI chip giant invests $1 billion into the South Korean company. This strategic alliance is aimed at expanding Naver's global presence in the artificial intelligence market. The final share count and the investment amount in Korean won will be determined based on the average exchange rate published by Seoul Money Brokerage Services on November 3.

Nvidia is expected to acquire approximately 4.54% of Naver's shares, which will shift Lee Hae-jin's stake from third to fourth place in the shareholder rankings. The investment follows a July share subscription agreement between Naver and Nvidia, with the issue price set at 204,500 won per share. Naver has already secured $9 billion in computing infrastructure, which will serve as a crucial component of their joint AI factory project with Nvidia and Brookfield.