
Sep 1, 2026
✦NewsBytes
MediaTek shares surge 10% after NVIDIA's $3.5B investment
MediaTek shares surged 10% after NVIDIA made a $3.5 billion investment in the company. This deal supports MediaTek’s shift toward custom AI chip design. CEO Rick Tsai said, "the company's AI chip business accelerating after the NVIDIA deal." The firm now aims for a 15% share of the market by 2027.