Qualcomm Rival MediaTek Jumps 10% After $3.
5 Billion Nvidia AI Chip Deal MediaTek, the Taiwanese firm and main rival of Qualcomm in the US smartphone chip market, saw its shares skyrocket by 10% on Tuesday after announcing a partnership with Nvidia worth $3.
5 billion. This development is significant for both MediaTek's growth prospects and the broader semiconductor industry.