Reported about 10 hours ago
Taiwan's MediaTek projects it will earn billions from its AI accelerator ASIC chips by 2027, bolstered by plans to enter the data center market. CEO Rick Tsai announced an expected $1 billion in cloud AI chip revenue by 2026 and anticipated multiple billions from another project in 2027. MediaTek aims to capture a 10 to 15 percent share of the estimated $50 billion market, despite competition from Qualcomm's new AI chips. MediaTek's recent quarterly revenue rose to $4.64 billion, though its shares have declined this year.
Source: YAHOO