Nvidia is scheduled to invest $1 billion in NAVER next Friday through a rights offering, making the U.S. chipmaker the Korean IT company’s third-largest shareholder. NAVER will determine the number of common shares Nvidia will acquire on Tuesday. The investment follows a strategic partnership announced in July and comes after NAVER secured at least $9 billion in computing infrastructure. Existing disclosures put Nvidia’s expected stake at 4.54%, while Korea’s national pension fund and BlackRock currently hold 9.49% and 7.31%, respectively. Earlier filings had described the transaction as a third-party allotment and scheduled payment for Nov. 6, after a delay from Oct. 30; the latest filing describes a rights offering and a next-Friday completion. The partnership is intended to combine Nvidia’s graphics processing units, computing platforms and technology cooperation with NAVER’s data-center and cloud operations. NAVER plans to operate a 55-megawatt AI factory at its Gak Sejong hyperscale data center in the first half of 2027, expand it to 200 megawatts in 2028, and pursue overseas and gigawatt-scale infrastructure over time. Brookfield agreed to provide $9 billion in computing infrastructure through a special purpose vehicle, while founder Lee Hae-jin’s expected stake was projected to fall to about 3.84% from 4.03%.