Nvidia finalizes payment of $1 bil., acquires over 4% stake in Naver
Nvidia Corp. has finalized its payment of $1 billion of investments to Naver Corp. on Friday and acquired 4.13 percent of the portal operator's shares through a third-party rights offering. The South Korean company said it has issued over 6.5 million shares through a private placement involving the U.S. chipmaker, after receiving 1.3 trillion won ($1 billion) in proceeds, according to its…
Nvidia has finalized a $1 billion investment in Naver Corp., acquiring a 4.13% stake in the South Korean portal operator through a third-party rights offering. The acquisition is part of a joint AI factory venture announced in June, aimed at expanding GPU-based infrastructure and GPU-as-a-service businesses. Naver plans to construct graphics processing unit (GPU)-based infrastructure, beginning with its Gak Sejong data center in the central city.
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- Nvidia finalizes payment of $1 bil., acquires over 4% stake in Naver koreatimes.co.kr
