Brookfield has entered into an agreement with South Korean technology company Naver to finance up to $9 billion in AI infrastructure, supporting the development of a 1-gigawatt AI factory in part-nership with NVIDIA.
Under the agreement, Brookfield will establish a special-purpose vehicle to invest up to $9 billion in AI infrastructure, including graphics processing units and data centers. The vehicle will provide computing capacity to Naver Cloud, which will operate the AI factory.
The project is expected to begin operations with 55 megawatts of capacity in first half 2027, expanding to 200 megawatts in 2028. The companies plan to expand into overseas markets in phases, using Naver’s GAK Sejong hyperscale data center in South Korea as the central hub.
NVIDIA will support the project through technology development involving next-generation high-performance computing platforms. The agreement also fulfills a condition for NVIDIA’s planned equity investment in
