Nvidia just wrote its biggest check outside the United States: $3.5 billion for MediaTek's convertible bonds.
In brief
Nvidia wrote MediaTek a $3.5 billion check for convertible bonds, its largest direct investment outside the US, covering about 90% of MediaTek's record $3.9 billion offshore bond offering.
Alphabet bought in too without saying how much, and MediaTek shares hit their daily limit Tuesday, up 10% in Taipei trading.
MediaTek is adopting Nvidia's NVLink Fusion platform and expects its AI chip business to clear $2 billion in revenue this year.
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Nvidia invests $3.5 billion in MediaTek convertible bonds - The Economic Times
Why NVIDIA is investing $3.5B in MediaTek
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Nvidia invests $3.5b in MediaTek convertible bonds
Nvidia invests $3.5 billion in MediaTek convertible bonds
Nvidia pours $3.5 billion into MediaTek — company will adopt NVLink Fusion for its custom AI accelerators
Nvidia investing $3.5bn in semiconductor company MediaTek
