South Korea's Naver says AI factory deal paves way for Nvidia investment
( October 27, 2026, 08:10 GMT | Official Statement) -- MLex Summary: South Korea’s Naver said Tuesday it has signed a $9 billion computing infrastructure deal with Canadian asset manager Brookfield, paving the way for an artificial intelligence factory project and Nvidia’s acquisition of a stake in Naver. The three companies agreed in late July on a joint project to build a gigawatt-scale AI factory, under which Nvidia is set to acquire a stake worth $1 billion in the South Korean AI and internet-service giant. Progress on the project with Brookfield has been considered a prerequisite for Nvidia’s equity investment in Naver.The statement follows (in Korean)....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.