CNBC
Qualcomm rival MediaTek jumps 10% after $3.5 billion Nvidia AI chip deal
Tuesday, September 1, 2026
MediaTek's stock rose 10% following an announcement that the company will partner with Nvidia on integrated AI chip solutions. The companies will collaborate on incorporating Nvidia technology into MediaTek's custom AI chips for applications including personal computers and automobiles. The partnership involves a reported $3.5 billion arrangement.
Original reporting: https://www.cnbc.com/2026/09/01/nvidia-deal-mediatek-shares.html