Nvidia is investing $3.5 billion in MediaTek, a Taiwanese chip designer. Nvidia will buy bonds that can convert into MediaTek shares. The two companies confirmed the deal in a joint statement on Monday. It is Nvidia's largest direct investment outside the United States. Nvidia is trying to get more firms to build chips that connect to its data centre systems. The deal deepens an existing working relationship between the two. Bloomberg reported the terms.
What changed
Nvidia and MediaTek worked together without Nvidia holding a stake.
- $3.5bn Nvidia investment in MediaTek
- Nvidia's largest direct investment outside US
Sources