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Nvidia Invests $3.5 Billion in MediaTek Amid Growing AI Chip Market
Nvidia has made its largest direct investment outside of the US, pouring $3.5 billion into MediaTek's convertible bonds.
The deal covers about 90% of MediaTek's record-breaking $3.9 billion offshore bond offering, making it Nvidia's biggest direct investment abroad.
MediaTek is adopting Nvidia's NVLink Fusion platform and expects its AI chip business to reach $2 billion in revenue this year, with an addressable market size of $80 billion by 2027.