Taiwan’s MediaTek projects billions in revenue from AI accelerator ASIC chips by 2027, aiming for $1 billion from cloud AI chips in 2026. The data center ASIC chip market is valued at $50 billion, with MediaTek targeting 10-15% market share. Competitor Qualcomm also unveils AI chips for data centers in 2026 and 2027. MediaTek partners with Nvidia on superchip GB10 Grace Blackwell. Nvidia invests $5 billion in Intel, but MediaTek CEO believes it won’t affect joint efforts with Nvidia. Third-quarter revenue for MediaTek hits T$142.1 billion ($4.64 billion), with net income at T$25.5 billion. Shares fall 7.4% this year. TSMC raises full-year revenue forecast due to AI spending trend.

Read more at Yahoo Finance: Taiwan’s MediaTek targets billions in AI accelerator chip revenue by 2027