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MediaTek sales rise 44% with NVIDIA and Google
Taiwanese company MediaTek experienced a significant increase in its sales during August, rising by 44% to approximately two billion dollars. This growth was driven by the expansion in the artificial intelligence chip sector tailored for major corporations like Google and Alphabet. The company is preparing to begin large-scale production of its first AI chip for a major American client in the upcoming quarter, with expectations that the client will be Alphabet. Additionally, MediaTek received notable investment support through Nvidia's participation in its $3.5 billion bond issuance, which bolsters its investments in AI processors. The company aims to achieve sales of one billion dollars from AI chips this year and to capture a 15% market share in the future.
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