NVIDIA WILL INVEST $3.5 BILLION IN CHIPMAKER MEDIATEK AND EXPAND PARTNERSHIP

Nvidia said on Monday it was investing $3.5 billion in Taiwan's MediaTek, the latest deal to widen the U.S. ​chipmaker's financial ties across the AI industry.

The move follows Nvidia's up to $105 billion guarantee earlier this month for OpenAI's Ohio data-center lease and could intensify scrutiny of arrangements where the chipmaker funds companies that help drive demand for its AI products.

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