According to CoinMeta, after MediaTek (MediaTek) reached a $3.5 billion AI chip cooperation with NVIDIA, its stock price rose by 10% on Tuesday. This collaboration will help MediaTek expand in the data center market, and NVIDIA has invested in MediaTek through convertible bonds. MediaTek is the world's largest smartphone chip company and has recently been focusing on diversifying its business by designing custom chips. The two companies will also jointly develop local AI computing chips for personal computers and automotive systems. MediaTek expects its custom AI chip business to generate $2 billion in revenue this year, with the total addressable market reaching $80 billion by 2027.