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

TAIWAN 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) SINGAPORE 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)