MediaTek Rallies Sharply as AI Collaborations with Google Boost Long-Term Outlook

MediaTek surged over 20% this week as new AI partnerships with Google improved long-term growth expectations and strengthened its positioning in next-generation chip markets.

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5 days ago

MediaTek Rallies Sharply as AI Collaborations with Google Boost Long-Term Outlook

MediaTek Rallies Sharply as AI Collaborations with Google Boost Long-Term Outlook
MediaTek shares recorded their strongest weekly performance since 2002 as investors reacted positively to expanding AI collaborations with Google, including joint development of tensor processing units. The company’s partnership places it as a potential competitor in the AI accelerator market, offering diversification beyond its smartphone chip business, which has faced weak demand and margin pressure.