Chipmakers are investing in AI companies, guaranteeing their data-center debt and helping them purchase the same hardware they sell. The arrangement can accelerate growth—but it also makes genuine demand harder to measure.
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The Smartphone Chipmakers Are Coming for Nvidia’s Data-Center Business
MediaTek built its empire inside mobile phones. Its new multibillion-dollar push into custom AI chips shows that the fight over artificial intelligence is moving beyond general-purpose GPUs.