MediaTek stock rose 10% Tuesday after the companies announced the deal, which centers on custom AI chips for data centers, PCs, and cars

Nvidia’s $3.5 billion MediaTek deal positions the company to control the infrastructure behind custom AI chips, turning the shift to custom silicon into a toll business.

Nvidia and MediaTek have announced a sweeping AI partnership spanning laptops, cars, and data centers, backed by a reported multibillion-dollar

The new deal is the latest example of Nvidia helping finance businesses building products and infrastructure around its technology, a strategy that supports growth in its AI…