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Games & Commerce

Naver to raise $10 billion from Nvidia, Brookfield to expand AI factory globally

Nvidia and global alternative asset manager Brookfield plan to invest a total of $10 billion in Naver, the company said. Naver plans to use the investment to expand its gigawatt-scale AI factory business into global markets. Naver chairman Lee Hae-jin said the investment would help the company move to a new stage, and that the partners\' capital, brand and networks would support expansion. Naver previously unveiled plans for a 1-gigawatt global AI factory.

Industry

Saemangeum to become physical AI, robotics hub; Han PM says Hyundai Motor investment begins new direction

South Korean Prime Minister Han Sung-sook (한성숙) visited Saemangeum in North Jeolla province as her first trip to the region since taking office and discussed support for Hyundai Motor Group investment and measures to foster physical AI and robotics industries. She held a corporate meeting with tenant firms, experts, government ministries and provincial officials. The government plans to revise the Saemangeum master plan around a concrete 10-year development blueprint and set up a pan-government support system.

Industry

Moving fabs alone may not make South Korea\'s semiconductor relocation work, MPE ecosystem key

South Korea is pushing to disperse its semiconductor production base beyond the capital area, but simply moving fabs may deliver limited results, industry voices say. The government plans to allocate over 40 percent of its National Growth Fund to non-capital regions and offer special subsidies to relocating materials, parts and equipment firms. Officials also aim to build regional specialisation, but supply-chain depth, engineers’ response times, power costs and local settlement conditions are seen as decisive.