7 stories mentioning TPE:2454
Every FINWIRES story that references TPE:2454, newest first.
MediaTek (TPE:2454) booked consolidated net sales of NT$47.4 billion in May, up 1.5% from NT$46.7 billion in April, according to a Wednesday Taiwan Exchange filing.Shares slid about 3% in Thursday's late morning trade.MediaTek did not provide further details in the filing.
Taiwanese chipmaker MediaTek (TPE:2454) is increasing its workforce, joining other tech firms in easing fears over AI-driven job losses, Bloomberg News reported Wednesday, citing senior vice president Vince Hu.Hu told Bloomberg Television the company, which supplies parts for Nvidia's Spark PC chip, is optimistic about growth and sees strong data center orders through at least 2030.Speaking at the Computex trade show in Taipei, Hu disclosed plans to expand engineering staff, echoing Nvidia CEO Jensen Huang's message that AI will augment rather than replace tech industry jobs, the publication said.MediaTek expects AI chip revenue to reach roughly $2 billion this year and multiply by 2027, aiming to capture up to 15% of an $80 billion data center market next year, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
MediaTek (TPE:2454) unit HFI Innovation has acquired a package of patents from LG Electronics (KRX:066570) for NT$1.60 billion, according to a Friday Taiwan Exchange filing.The acquisition is intended for operational use, the chipmaker said.
MediaTek (TPE:2454) is building a full-stack artificial intelligence strategy spanning infrastructure, systems and edge computing, CNA reported Wednesday, citing General Manager Chen Kuan-chou.The company is developing solutions across multiple layers of the AI ecosystem, including cloud AI acceleration technologies, development toolkits, and its Dimensity proxy AI engine, according to the report.Speaking at the Computex pre-exhibition forum, Chen said the company's approach is aimed at supporting the shift toward agent-based AI, where systems can independently analyze information, make decisions and perform tasks for users, the news outlet reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
MediaTek (TPE:2454) launched the first phase of its most advanced AI data center, aimed at boosting in-house research and development as AI demand accelerates globally, Nikkei Asian Review reported Thursday.The facility is powered by Nvidia's B200 platform and DGX SuperPOD infrastructure, and becomes Taiwan's first to adopt immersion-cooling technology for high-performance AI computing.Company president Joe Chen said the system will sharply speed up development cycles, supporting work on next-generation chips, cloud computing, and advanced AI applications, reportedly.MediaTek also highlighted deepening collaboration with Nvidia and major tech clients, while ramping up R&D spending as competition in AI infrastructure intensifies, the Nikkei said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
MediaTek (TPE:2454) has an average rating of buy and mean price target of NT$2,651.42, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
MediaTek (TPE:2454) logged consolidated net sales of NT$63.2 billion for March, according to a Friday filing with the Taiwan Stock Exchange.The figure rose 62% from NT$39 billion recorded in February, the company said.