Qualcomm rival MediaTek jumps 10% after $3.5 billion Nvidia AI chip deal

The two companies will work on integrating Nvidia technology with MediaTek's custom AI chip business as well as other areas such as PCs and cars.

Nvidia Corp is investing US$3.5 billion into MediaTek Inc (聯發科), deepening collaboration with the Taiwanese chip designer at a time when it’s working to persuade more companies to build chips that plug into its dominant data center ecosystem.Nvidia will buy bonds convertible into MediaTek shares, the companies said in

An expanded partnership with MediaTek shows that Nvidia is interested in making its AI ecosystem compatible with the world of custom chips, a portfolio manager says.

Nvidia invests $3.5 billion into Taiwanese chipmaker MediaTek. The deal shows how Nvidia plans to stay essential to AI infrastructure as Big Tech begins to build its own AI chips.

Nvidia to invest $3.5 billion in chipmaker MediaTek, expand partnership  Reuters

Nvidia will buy convertible bonds in the Taiwanese chipmaker as the two companies broaden collaboration across data centers, PCs, and automotive

Nvidia said on ‌Monday it has invested $3.5 billion in convertible bonds issued by Taiwan's MediaTek, ‌which could add to growing investor concerns about circular financing in ⁠the AI sector. The new deal is the latest example of Nvidia helping ⁠finance businesses building products and infrastructure around its technol