[Breaking] iCraft Signs 51.8 Billion KRW NVIDIA InfiniBand Switch Supply Contract with Naver Cloud
iCraft announced in a regulatory filing on the 18th that it has signed a supply contract worth 51.8 billion KRW with Naver Cloud for NVIDIA InfiniBand network s
![[Breaking] iCraft Signs 51.8 Billion KRW NVIDIA InfiniBand Switch Supply Contract with Naver Cloud](https://media.cbcglobe.com/tenants/cbc00000-0000-4000-8000-000000000001/media/cbc/2026/06/581990/dc5d942d3bc33cc4/variants/hero.webp)
iCraft announced in a regulatory filing on the 18th that it has signed a supply contract worth 51.8 billion KRW with Naver Cloud for NVIDIA InfiniBand network switches.
According to the filing, the contract was executed under the name '2026 NIPA NVIDIA InfiniBand Network Switch Supply Contract.' The total contract amount is 51,818,174,000 KRW, equivalent to 25.09% of iCraft's most recent consolidated revenue as of the end of 2025 (206,499,542,172 KRW).
- ■ Contract Summary
- Counterparty: Naver Cloud Corporation
- Supply region: Republic of Korea
- Contract period: June 16, 2026 – March 31, 2027
- Contract date: June 18, 2026 (date of final contract receipt)
- Production method: Outsourced production
- Contract deposit and advance payment: None
The company stated that it plans to carry out the contract through outsourced production, with no contract deposit or advance payment. The company explained, "The contract amount excludes value-added tax (VAT)."
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