MediaTek approved five billion dollars for long-term growth and AI chip expansion. The company aims to reduce smartphone reliance and supply custom AI chips. Global smartphone shipments declined, impacting mobile-chip revenue significantly. MediaTek expects its data-center AI chip business to generate over two billion dollars. This strategic move positions MediaTek for faster-growing and higher-margin opportunities.

MediaTek approved five billion dollars for long-term growth and AI chip expansion. The company aims to reduce smartphone reliance and supply custom AI chips. Global smartphone…

MediaTek Inc (聯發科), the world’s biggest smartphone chip supplier, yesterday said it aims to capture up to 20 percent of the serviceable available market of the customized…