Qualcomm Rival MediaTek Jumps 10% After $3.5 Billion Nvidia AI Chip Deal
The deal gives MediaTek access to Nvidia’s NVLink Fusion platform as the Taiwanese chip maker expands into custom AI and data center chips.
- On Monday, Nvidia Corp announced a $3.5 billion investment in MediaTek Inc.'s record $3.9 billion convertible bond offering as part of a strategic partnership to strengthen presence in the data center market.
- MediaTek has recently sought to diversify by designing custom chips for data centers, positioning itself to challenge market leader Broadcom while integrating Nvidia's NVLink Fusion platform for customers.
- Nvidia CEO Jensen Huang called MediaTek "one of the world's great semiconductor companies," while the firm's custom AI chip business targets a total addressable market of up to $80 billion by 2027.
- Shares of MediaTek surged 10 percent on Tuesday, contributing about 190 points to the Taiex, which rose 1.78 percent to its highest closing level since July 1.
- The partnership has boosted market sentiment on the AI era as hyperscalers increasingly build custom chips to run AI workloads, reflecting shifting strategies among major industry players seeking independence from chip suppliers.
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13 Articles
Nvidia Corp.’s $3.5 billion outlay in MediaTek Inc., its largest direct investment outside the US, has thrust a little-known Taiwanese chip designer into the center of the global AI infrastructure boom.
Taiex soars to 2-month closing high on Nvidia-MediaTek deal
Taipei, Sept. 1 (CNA) Shares in Taiwan moved sharply higher to end at their highest for two months as investors chased prices in the semiconductor industry due to Nvidia Corp's plan to invest in MediaTek Inc., dealers said.
Nvidia Puts $3.5 Billion Into MediaTek as Custom AI Chips Grow
Nvidia is investing $3.5 billion in Taiwanese chipmaker MediaTek as the two companies expand their partnership around custom AI chips… The post Nvidia Puts $3.5 Billion Into MediaTek as Custom AI Chips Grow appeared first on ProPakistani.
Economy: The Nvidia Corporation invests $3.5 billion in MediaTek convertible bonds, the world's largest smartphone chip manufacturer, and Qualcomm's main rival.
MediaTek Shares Jump 10% After $3.5 Billion Nvidia AI Chip Deal
Copyright protected content copied from PhoneWorld website. MediaTek shares surged nearly 10% on Tuesday after the Taiwanese chipmaker announced a major partnership with Nvidia. The deal includes a $3.5 billion investment from Nvidia and could strengthen MediaTek’s position in the fast-growing artificial intelligence chip market. Nvidia invested $3.5 billion in convertible bonds issued by MediaTek as part of the agreement. The announcement … The…
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