MediaTek approves a $5 billion financing plan to expand AI data center chips, boost ASIC production, and reduce smartphone reliance as CEO Rick Tsai targets long-term growth.

Explore today's top global business news covering AI chips, semiconductor investments, EV manufacturing, aviation, global trade, Red Sea security, and technology-driven market…

Samsung expects the global chip shortage to last until 2028, secures long-term AI supply deals with major data centre operators, and reports a sharp surge in semiconductor profits.

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…