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MediaTek shares rise following partnership with Google
Shares of MediaTek Inc increased on Mar. 18, 2025 following reports of a collaboration with Alphabet Inc’s Google on a next-generation AI chip.
During early trading on the Taiwan Stock Exchange, MediaTek’s stock rose as much as 5% before closing with a 3.51% increase. This performance outpaced the broader market’s 0.69% rise.
The report indicated that Google intends to partner with MediaTek on developing its seventh-generation Tensor Processing Unit (TPU) AI chip.
This new chip will follow the sixth-generation TPU released late last year, with plans for a launch next year.
Recent MediaTek developments
| Timeline |
|---|
| 18-Mar-2025 💻 Google partners with Taiwan-based firm for next-genAI chips Google partners with MediaTek for next-gen TPUs, maintaining ties with Broadcom while investing billions in AI chips. |
| 10-Feb-2025 📈 MediaTek expects up to $4.6b Q1 revenue from AI MediaTek forecasts 2-10% revenue growth for Q1 2025, driven by tariff concerns and China’s economic stimulus. |
| 09-Jan-2025 🖥️ Nvidia launches AI computer with MediaTek CPU Nvidia unveils Project Digits desktop at CES 2025, featuring Blackwell AI chip and a MediaTek co-designed CPU for $3,000. |
| 26-Nov-2024 💻 Xiaomi to cut foreign reliance with self-made chip by 2025 Xiaomi plans to develop in-house mobile chips and boost R&D budget to $4.1 billion by 2025 to reduce foreign reliance. |
| 31-Oct-2024 🖥️ MediaTek responds to geopolitical strains in chip sector MediaTek’s CEO highlights geopolitical risks impacting Taiwan’s chip industry amid US-China tensions and compliance challenges. |
| 26-Aug-2019 🔌 MediaTek to step up R&D investment, bet on 5G as more Chinese firms make their own chips MediaTek boosts R&D and brand efforts to compete with Chinese firms developing their own chips amid a changing market. |
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