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Nvidia to invest $3.5 billion in Taiwan chipmaker MediaTek

  • Nvidia will invest in Taiwan chipmaker MediaTek through a bond subscription.
  • $3.5 billion is the value of Nvidia's planned MediaTek investment.
  • MediaTek bonds will be convertible into the company's shares, according to Bloomberg.

Nvidia will invest $3.5 billion in Taiwan chipmaker MediaTek by subscribing to bonds convertible into MediaTek shares. The transaction is intended to deepen cooperation between the companies in the chip sector, Bloomberg reported on Aug. 31, with the report cited by PANews.

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Nvidia to invest $3.5 billion in Taiwan chipmaker MediaTek - CoinPost Terminal