Nvidia announced a $3.5 billion investment in Taiwanese chipmaker MediaTek, deepening their collaboration on custom AI chips. Multiple outlets report that the deal is structured around Nvidia buying bonds that are convertible into MediaTek shares, linking the two companies’ financial and strategic interests.

The companies say the expanded partnership targets custom AI chips used across data centers, PCs, and automobiles, reflecting Nvidia’s broader push to connect more chips to its AI software and data-center ecosystem. Bloomberg frames the move as part of Nvidia’s effort to persuade additional companies to build chips that “plug into” Nvidia’s dominant platform, while other outlets emphasize the scale of MediaTek’s fundraising and the commercial impact on its AI chip business.

Coverage also notes that the announcement follows MediaTek’s record $3.9 billion bond offering, with the investment increasing market attention and lifting MediaTek’s shares. Quartz and other outlets highlight the immediate market reaction, while Bloomberg and Decrypt focus more on strategic ecosystem expansion beyond Nvidia’s core GPU business.