MediaTek’s AI ASIC production adds a second chip buyer; 2027 target is $16B

MediaTek has secured a second customer for its custom AI chips, expanding its AI ASIC production pipeline with volume manufacturing targeted for 2028. The chip designer confirmed the deal during its October 30, 2026 earnings call, alongside a higher 2027 ASIC revenue target of approximately $16 billion . Key takeaways MediaTek says its second custom AI chip customer is not Chinese. Initial accelerator shipments started in September 2026 at small volumes. The company forecasts $2.5 billion in fourth-quarter 2026 data center revenue. More complex second-generation chips are scheduled for mass production by the first quarter of 2028.

Source: The Cryptonomist