MediaTek might be looking to acquire or merge with NVIDIA

Few industries love consolidation as much as the semiconductor industry does, and further proving this is the recent reports that MediaTek is considering a merger with NVIDIA. The reports out of China claim that the Taiwanese chip maker is considering either acquiring or merging with NVIDIA, although MediaTek has refused to comment on any of these reports. 

According to a report carried by DigiTimes, Taiwanese chip maker MediaTek has refused to comment on multiple reports which claimed the company was contemplating a merger with American chip maker NVIDIA. In a filing with the Taiwan stock exchange, the company has denied being the source of a widely publicized report in the Chinese media, which claimed it was considering either merging with or acquiring the American company. The original report claiming MediaTek was looking to acquire NVIDIA was carried by Chinese language business newspaper Economic Daily News. The report claimed the two chipmakers are considering the collaboration in order to work jointly with an eye towards the impending boom in the smart automobile market. The rumor is the product of a spate of M&A activity within the semiconductor industry, with Avago announcing a few weeks back that it was acquiring chip maker Broadcom for $37 billion in cash and stocks, after having already acquired Silicon Valley’s LSI last year for $6.6 billion in an all-cash deal.