MediaTek lines up $5B war chest for AI datacenter push

Taiwanese chipmaker MediaTek is lining up $5 billion in financing to expand into AI datacenter silicon, targeting a slice of a market it expects to be worth up to $80 billion next year. The fabless chip producer is perhaps best known for its Arm-based smartphone and Chromebook chipsets, plus wireless silicon for Wi-Fi products. But the firm is the latest to see a "compelling growth opportunity" in the market for compute to power AI and so-called agentic AI in particular.