Qualcomm Rival MediaTek Jumps 10% After $3.5 Billion Nvidia AI Chip Deal

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.

MediaTek shares soar 10% after blockbuster Nvidia investment

The deal announced on Monday will see Nvidia buy bonds convertible into MediaTek shares. MediaTek shares jumped 10% in Taipei on Tuesday, hitting a daily limit.

MediaTek Stock Jumps 10% On Nvidia Investment News

The post MediaTek Stock Jumps 10% On Nvidia Investment News appeared first on Coinpedia Fintech News MediaTek shares hit their daily trading limit in Taipei on Tuesday, jumping 10% after Nvidia agreed to buy $3.5 billion worth of convertible bonds in the Taiwanese chipmaker, Nvidia’s largest direct investment outside the US. Experts called the deal a strategic endorsement, marking MediaTek’s shift from smartphone chips toward broader AI semicond…

MediaTek shares surge 10% after NVIDIA's $3.5B investment

MediaTek shares soared 10% in Taipei after Nvidia announced a $3.5 billion investment, marking its largest direct financial commitment outside the United States.