Naver announces joint construction of an AI data center with NVIDIA
Naver disclosed plans to jointly build a global AI factory with NVIDIA. Hana Securities raised its target price from 35ten thousand won to 40ten thousand won, and Naver said it would first pursue securing 2028by 200through leasing.
Naver disclosed the previous day its plan to jointly develop a global artificial intelligence (AI) data center business with NVIDIA. Reflecting this news, Hana Securities raised Naver’s target price from 35ten thousand won to 40ten thousand won. The company said the project would enable it to enter the business-to-business (B2B) AI infrastructure market.
Naver positioned the project as the “Asian CoreWeave.” The company explained that it first plans to secure data centers and provide services to B2B customers. It said it would expand the business across Asia, the Middle East, and Europe to respond to regional demand.
As a medium- to long-term goal, it presented ownership of data centers with a capacity of 1GW. The company disclosed that its long-term goal is to secure infrastructure at the level of 1GW. It specified that the specific investment methods and schedule would proceed in stages.
As an initial plan, Naver said it intends to secure 2028by the year, through leasing arrangements in South Korea, Malaysia, Japan and elsewhere, data centers with a capacity of 200MW. The company said it would secure initial capacity through leasing arrangements and then consider further expansion. It explained that the plan would be implemented in stages in line with market demand.
The company mentioned additional plans during the expansion of its business, including the expansion of the Sejong data center. It said specific contract terms and the investment size would be disclosed later through a filing. The company explained that the disclosure demonstrated Naver’s intention to expand its role in infrastructure.
Sources: 파이낸셜뉴스 증권
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