PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEW: MediaTek (2454 TT) will receive a USD 3.5bln investment from NVIDIA (NVDA) through convertible bonds to build AI edge-to-cloud computing platforms

MediaTek (2454 TT) - Co. will receive a USD 3.5bln investment from NVIDIA (NVDA) through convertible bonds to build AI edge-to-cloud computing platforms, with NVIDIA CEO Huang saying MediaTek’s processor will form the foundation of a new Windows PC and that the investment formalises one of NVIDIA’s largest partnerships to build AI factories. (Newswires)

Tech

Nasdaq 100 pared losses heading into the Wall St close to finish relatively flat, while futures are little changed overnight.

SEMI senior director of market intelligence Clark Tseng said the global semiconductor market is expected to be worth more than USD 2trln by 2030, driven by demand for AI infrastructure. (Taipei Times)

TSMC (2330 TT) AI and high-performance computing business development director April Li said the next phase of AI growth would be driven by the large-scale deployment of integrated computing systems as the industry enters the “true industrialisation of AI.” (Taipei Times)

Frasers Property (FPL SP) - Co. acquired Cuppage Terrace in Singapore for an agreed property value of SGD 175mln, enabling a more coordinated approach to asset enhancement and long-term value creation in the Orchard Road precinct. (Dow Jones Newsplus)

Mapletree Industrial Trust (MINT SP) - Co. reiterated that it is pursuing selective divestments in North America and regularly reviews its portfolio after reports of a potential divestment of U.S. data centre assets, while noting there is no certainty any transaction will materialise. (Dow Jones Newsplus)

Strategic minority investments structured through convertible bonds are a familiar pattern in the AI supply chain: the investor secures supply-side alignment and optionality on equity upside without triggering the regulatory scrutiny a full takeover of a foreign chip designer would attract. Episodes of this kind have tended to read as demand validation for the recipient, with the convertible overhang a secondary consideration weighed against the commercial signal. The distinction worth drawing is between capital for capacity and capital for partnership: here the framing around co-built platforms and a named processor role places it in the latter camp, which historically carries more durable implications for the recipient's revenue mix than a pure financing. Prior form from the investing side has been an expanding web of equity-linked ties across silicon designers, foundries and infrastructure builders, so the follow-on worth noting is whether the partnership translates into disclosed product timelines and order commitments rather than remaining a capital-markets event. For the broader tape, past announcements of this type have lifted the Asian semiconductor peer set in sympathy, with the foundry and packaging complex trading off the same read-across. The convertible terms, conversion price, maturity and any lock-up, are the details that determine how the supply question gets answered over time.