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Nvidia to invest $3.5 billion in MediaTek, reshaping AI chip market

Nvidia has bought $3.5 billion worth of convertible bonds issued by Taiwan chipmaker MediaTek, expanding cooperation on AI semiconductors. MediaTek plans to adopt Nvidia\'s NVLink Fusion to link customised AI chips to Nvidia-based data centres. The companies said they will broaden collaboration in AI infrastructure, local AI computing and automotive. MediaTek is targeting $2.0 billion in revenue from its data-centre chip design business this year.