MediaTek shares hit their daily trading limit in Taipei on Tuesday, jumping 10% after Nvidia agreed to buy $3.5 billion worth of convertible bonds in the Taiwanese chipmaker, Nvidia’s largest direct investment outside the US. Experts called the deal a strategic endorsement, marking MediaTek’s shift from smartphone chips toward broader AI semiconductor work. The company has already partnered with Google this year, and analysts are speculating SpaceX could be next in line as a customer, fueling a sharp climb in MediaTek’s market value.
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