MediaTek CEO Affirms Strong AI Demand
MediaTek CEO Rick Tsai says AI demand growth will continue as third quarter revenue rises 18.3 percent. The chip designer reports strong shipments for its first AI accelerator.
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MediaTek reported third-quarter revenue of T$168.1 billion ($5.16 billion) on Friday, up 18.3% year-on-year as artificial intelligence demand surged. Net income rose 10.8% to T$28.2 billion over the same period.
