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

Nvidia invested $3.5 billion in convertible bonds issued by MediaTek. 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.

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NVDA NVIDIA Corporation

Source: CNBC

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Category Stock

Source CNBC

Published 3 weeks ago

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News ID #12,475

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