[News] MediaTek Confirms Second AI ASIC Customer for 2028 Production; First ASIC Shipments Begin in Sept.

What happened

MediaTek's Q3 2026 results showed consolidated revenue of NT$168.06 billion, up 10.4% QoQ and 18.3% YoY, with gross margin stable at 46.3%; net income rose 14.6% QoQ and 10.8% YoY to NT$28.20 billion, with EPS of NT$17.50. On the earnings call, MediaTek confirmed a second AI ASIC customer as demand grows, marking a step toward diversifying its customer base, but has not disclosed the client's identity, chip specifications or expected revenue; in response to speculation that the customer was ByteDance, MediaTek clarified that the customer is not a Chinese company. The new project is expected to enter mass production and begin contributing revenue in 2028. Vice Chairman and CEO Rick Tsai said demand for the first AI accelerator remains strong, with small-volume shipments having begun in September, and the company is confident of reaching US$2.5 billion in fourth-quarter ASIC revenue and the upper end of its previously stated 2027 revenue target of approximately US$16 billion, equivalent to around 20% of the AI accelerator ASIC market. MediaTek forecast fourth-quarter revenue of NT$210.1 billion to NT$221.8 billion, up 25% to 32% QoQ, with gross margin of 43.5% to 46.5%, and expects full-year 2026 revenue growth in U.S. dollar terms to exceed its previous high-single-digit percentage target. Addressing speculation about delays to its second-generation AI ASIC, Tsai said development remains on schedule: several dies in the multi-die design have completed tape-out, while larger, more complex dies, despite requiring several additional weeks, remain on track with the original timeline. On advanced packaging, MediaTek is working closely with a U.S. IDM and substrate suppliers to improve yields; Tsai said resolving two or three major problems could rapidly improve yields, and market observers believe the IDM partner is Intel with EMIB-T technology. Asked whether using Intel's EMIB packaging could eventually require adopting Intel's foundry services, Tsai stressed that MediaTek does not rely on a single supplier and that TSMC remains its most important partner.

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Source and time

Source: TrendForce · 10/29/2026 · View original source