Nvidia to make $1 bil. investment in Naver next week

Korea Times News ·
Business Mergers & Acquisitions South Korea
South Korea

Nvidia is scheduled to fulfill its $1 billion investment in Naver next Friday, according to the portal giant's regulatory filing Friday, a move set to make the U.S. chip giant the third-largest shareholder of the Korean IT firm. The completion of the capital increase comes as Naver was able to secure at least $9 billion in computing infrastructure, the filing said. Naver will fix the number of…

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