By Sangmi Cha
Publication Date: 2025-11-28 02:12:00
(Bloomberg) — MediaTek Inc. shares are poised for their best week since 2002, as artificial intelligence advances at its client Google help reshape the growth outlook for the Taiwanese chipmaker.
The stock rose for a fifth-straight day Friday in Taipei, taking its weekly gain to more than 20%, rising investor enthusiasm over Google’s latest Gemini model and AI chip deals. MediaTek has reportedly partnered with the Alphabet Inc. unit on design of tensor processing units, now being seen as a potential rival to Nvidia Corp. chips in AI applications.
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Known for its smartphone chips, MediaTek has suffered from a cloudy outlook for end-product demand as well as margin pressure due to competition and high development costs. The AI news has brought relief for the shares, which are still down about 2% on the…
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