South Korean internet company Naver said on November 12 it was negotiating a server deal with Nvidia for its AI Factory project after signing a 2 trillion won (US$1.5 billion) contract with an unnamed US AI inference company.

Naver said the first contract covers about 20 megawatts of power capacity, with supply set to begin in 2027. CFO Kim Hee-cheol said the deal will generate 2 trillion won (US$1.5 billion) in revenue over five years.

CEO Choi Soo-yeon said secured data center capacity already exceeds Naver’s 200-megawatt target for 2028. She added that the company was seeking Nvidia’s Vera Rubin graphics processing units despite tight supply.

Naver also said it was in talks with at least 10 potential customers and expected the AI Factory to start contributing operating profit in 2027.

Nvidia announced the Vera Rubin platform, but the reviewed materials gave no specific shipping timeline for server deployments.

🔗 Source: The Chosun Daily

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