Overview
- Naver disclosed July 27 that it will expand the GAK Sejong site from 55 megawatts to 200 megawatts by 2028 and that Nvidia plans to buy about $1 billion of Naver shares as part of the partnership.
- Brookfield has been named Naver’s preferred bidder and has committed up to $9 billion in project financing to build the expanded Nvidia DSX‑based AI infrastructure at Sejong while negotiations continue.
- SK Group and Nvidia announced letters of intent reported at roughly $500 billion that include SK Telecom plans for a 2GW DSX/Vera Rubin AI cloud targeting initial operations in 2027, but those terms remain LOIs rather than final contracts.
- The projects center on Nvidia’s DSX and Vera Rubin accelerated‑computing stacks and depend on long‑term memory supply and co‑development with SK hynix for high‑bandwidth memory used in large model training.
- Key execution risks include finalizing contracts, securing sites and power, arranging phased financing, and obtaining regulatory approvals, and those factors will determine whether 2027–2028 timelines are met.