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00:02NVIDIA is expanding its custom AI chip business through a deeper partnership with MediaTek
00:08as major technology companies develop their own processors, according to Benzinga.
00:13NVIDIA invested $3.5 billion in MediaTek convertible bonds,
00:18strengthening a partnership across data centers, PCs, and vehicles.
00:22MediaTek will offer NVIDIA's NVLink Fusion technology to customers developing custom AI chips,
00:29allowing those processors to connect with NVIDIA's broader AI infrastructure.
00:34The approach keeps NVIDIA involved when cloud companies use internally designed processors instead of NVIDIA GPUs.
00:40MediaTek expects its custom AI chip business to generate $2 billion in revenue this year
00:46and sees a market opportunity of up to $80 billion by 2027.
00:51Jensen Huang said NVIDIA and MediaTek are building platforms that expand NVIDIA computing into new markets
00:58while helping customers develop differentiated AI systems at scale.
01:03Shares of NVIDIA dipped by 1.15% to $218.24 during pre-market trading on Tuesday, according to Benzinga
01:13ProData.
01:13For all things money, visit Benzinga.com.
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