MediaTek confirms second AI ASIC customer for 2028 production

The Taiwanese chip designer also began shipping its first AI accelerator in September and raised its 2027 ASIC revenue target to approximately $16 billion MediaTek has landed a second customer for its custom AI chips, with mass production of those chips expected to begin in 2028. The disclosure came during MediaTek’s third-quarter 2026 earnings call on October 30. The company said the new customer is not a Chinese firm, which pushes back on earlier market chatter that ByteDance was the mystery buyer. What MediaTek announced According to the company, co-design work with the second customer is already underway, with volume production targeted for 2028. The first customer is further along. MediaTek began small-volume shipments of its first AI accelerator ASIC in September 2026, and CEO Rick Tsai pointed to strong demand for the product. The numbers behind the pitch MediaTek reported double-digit growth in both revenue and profit for the third quarter of 2026. Consolidated revenue came in at NT$168.06 billion. That figure was up 10.4% from the prior quarter and 18.3% from the same period a year earlier. Gross margin held steady at 46.3%. MediaTek projected that data center revenue will...