TechBloomberg Tech1h ago
MediaTek Shares Soar 10% After Blockbuster Nvidia Investment
TL;DRNvidia invested $3.5 billion in MediaTek, boosting the chipmaker's stock 10%.
Why it matters: Signals potential chip industry consolidation and Nvidia's strategy to secure supply chains globally.
Shares of MediaTek Inc. soared after the Taiwanese chipmaker scored a $3.5 billion outlay from Nvidia Corp., the American chipmaking giant’s largest ever direct investment outside the US.
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