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Games & Commerce

Naver signs $9 billion AI infrastructure deal with Brookfield, meets Nvidia investment condition

Naver signed a contract with alternative investment firm Brookfield to secure up to $9 billion of AI computing infrastructure. The deal meets a prerequisite for Nvidia’s planned $1 billion strategic equity investment in Naver, enabling the payment process to proceed. Brookfield plans to form a special purpose vehicle, Asset Co., to invest in GPUs and data centres. Naver Cloud will operate services using resources supplied by the vehicle. Naver plans to start 55 MW operations in early 2027 and expand to 200 MW by 2028.

Industry

Baek Kyung-hoon says nuclear power importance grows in AI era, cooperation needed for SMR commercialisation

South Korea\'s Deputy Prime Minister and Science Minister Baek Kyung-hoon called for an expanded role for nuclear power to meet rising electricity demand driven by the spread of AI and data centres. Speaking at an International Atomic Energy Agency ministerial meeting in Incheon, Baek also stressed the need for international cooperation to commercialise next-generation nuclear technologies such as small modular reactors. He highlighted requirements including policy, institutions, workforce, funding, and transparent communication.

Industry

Chips&Media Q3 operating profit 1.66 billion won, up 8.7 percent on year

Chips&Media said on Oct. 27 it posted consolidated third-quarter revenue of 7.16 billion won and operating profit of 1.66 billion won. Revenue rose 8.2 percent and operating profit gained 8.7 percent from a year earlier. Royalty revenue fell as chip output by customers declined due to memory supply and demand conditions, but the company said expanded new licences in AI and mobility lifted licence revenue. It posted a net loss of 600 million won.