MediaTek Sales Surge 44% on AI Chips as Nvidia Backs RTX Spark
MediaTek reported a 44% jump in monthly sales, citing momentum in its emerging AI chip business tied to Alphabet’s Google. The companies participated in MediaTek’s recent bond sale, with Nvidia contributing as much as $3.5 billion, and MediaTek is supporting Nvidia’s RTX Spark product for the market. Reports also link MediaTek’s ASIC customer to Google’s TPU program as an Nvidia alternative.