Nvidia invests $3.5B in MediaTek as part of expanded AI chip partnership
- MediaTek: 3 events in the last 90 days
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What happened
Nvidia Corp. has bought $3.5 billion worth of MediaTek Inc. convertible bonds as part of an expanded partnership that the companies announced today. A convertible bond is a debt instrument that the buyer can turn into shares later on. Nvidia regularly buys stakes in partners as part of technical collaborations. Earlier this year, it purchased […] The post Nvidia invests $3.5B in MediaTek as part of expanded AI chip…
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