MediaTek Inc

Agentrys, a startup automating chip design, has raised $24.5 million in funding, comprising an oversubscribed $19.1 million seed round led by Etna Labs and a $5.4 million pre-seed led by MediaTek. Founded by Mark Ren, who pioneered AI for chip design at NVIDIA and led ChipNeMo, the company aims to enable engineering teams to build and own a self-improving agentic workforce for chip design. The funding will support recruiting, agent-native tooling, and expanding customer engagements across verification and physical design. Agentrys has demonstrated its platform by running an autonomous multi-agent workflow that took a 32-bit CPU from specification to sign-off-clean GDS layout with no human in the loop, and it has partnered with several top fabless semiconductor companies, a leading global foundry, and chip startups.

GF Securities has identified Marvell Technology, Mediatek, and Intel as preferred semiconductor names amid a favorable outlook for custom AI chips and advanced packaging. Analyst Henry Huang expects Nvidia's share of TSMC's CoWoS capacity to remain stable in 2027, with GPU demand expanding alongside custom accelerators, and sees Nvidia's Vera Rubin platform gaining adoption at major cloud providers including Amazon and Alphabet. The firm expects Marvell's CXL and DPU businesses tied to Google to each contribute about $3 billion by 2028, with its MPU business generating a similar amount that year, and Marvell is also expected to participate in Amazon's Trainium 3 program with estimated contributions of about $1 billion in 2026 and $2 billion in 2027. For Intel, GF Securities raised its back-end revenue forecasts to $1.1 billion for fiscal 2027 and $7 billion for fiscal 2028, citing improving visibility across AI packaging programs.

MediaTek raised its target to capture 15% to 20% of an estimated $80 billion custom AI-chip market in 2027. Its first AI accelerator for a major U.S. cloud provider will enter production in the fourth quarter, and the company expects more than $2 billion in 2026 data-center revenue. The expansion could give Alphabet another design partner while challenging Broadcom, though Broadcom has a long-term agreement to develop and supply future Google custom AI chips and rack components through 2031. MediaTek's second accelerator is scheduled for volume production in 2028, and the company approved a discretionary $5 billion financing budget while second-quarter mobile-chip revenue fell 20% and net income declined 12.3%. Broadcom also agreed to provide Anthropic access to about 3.5 gigawatts of computing capacity using Google processors beginning in 2027, leaving it embedded in Google's roadmap.

Silicon Motion and MediaTek will jointly present advanced storage solutions for next-generation AI-ready automotive platforms during a keynote at FMS 2026. The presentation, scheduled for August 4, 2026, at the Santa Clara Convention Center, will feature MediaTek's latest automotive cockpit platform powered by Silicon Motion's automotive storage technologies. Speakers include Stanley Huang, Associate VP of Edge SSD Business at Silicon Motion, Waheed Ahmed, Director of Automotive System Architecture at MediaTek, and Shamil Sharief, Senior Director of Enterprise Product Marketing at Silicon Motion. The companies will highlight how high-performance, reliable storage supports the data-intensive demands of intelligent vehicles, which are becoming one of the most demanding Edge AI applications. Silicon Motion will also discuss its continued innovation in automotive storage and next-generation Enterprise SSD technologies, including PerformaShape™, to support Agentic AI from the edge to the data center.

Purdue University and the Purdue Research Foundation are deepening ties with Taiwan's semiconductor leaders to position Indiana as a major US hub for chip innovation and talent. A delegation met with Taiwan's Ministry of Education, Ministry of Economic Affairs, and GeChi Compound Semiconductor to discuss AI, next-generation chip technology, and workforce development. Deputy Minister of Economic Affairs Ho Chin-tsan noted that the Purdue Research Park offers a potential gateway for Taiwanese firms entering the US market. PRF has appointed Ting-Yu Hsieh as partnership development specialist to serve as the primary liaison in Taiwan, building on over 70 years of collaboration and millions of dollars in sponsored research since 2020. Purdue leaders emphasized that the university's comprehensive semiconductor ecosystem—spanning research, education, and industry partnerships with companies like imec, MediaTek, SK hynix, and TSMC—makes Indiana a compelling alternative to traditional coastal hubs.

AT&T is collaborating with T-Mobile, Verizon, and Aduna on a network-level tool to counter AI-driven digital identity fraud, while also participating in industry-first field trials of Ericsson's Low-Latency Mobility technology on its 5G network. The fraud prevention initiative aims to secure digital identity at the carrier level, potentially benefiting banks, fintechs, and large consumer apps by reducing account takeover risk. The low-latency trials, conducted with Ericsson and MediaTek, target real-time applications such as extended reality, industrial control, and venue security. AT&T's stock recently traded at $21.81, with a year-to-date decline of 11.2% and a one-year drop of 16.6%, though it gained 1.2% over the past week. Investors will watch for commercial adoption of these services as potential new revenue streams beyond traditional wireless and fiber.

Ericsson has completed a low latency mobility trial with AT&T and MediaTek, while continuing its share buyback program through March 2027. The stock recently traded at SEK105.55, with a 30-day decline of 12.77% but a year-to-date gain of 19.54% and a three-year total shareholder return of 103.97%. Analysts see fair value around SEK98.62, suggesting the stock is overvalued, though its price-to-earnings ratio of 13.9 times is well below the European Communications industry average of 29.8 times and the peer group average of 47.2 times. The company's positioning in 5G and edge computing is expected to benefit from rising AI-driven data traffic, but risks include geopolitical disruptions and potential underperformance in software and services.

AT&T shares traded higher by approximately 2% on Tuesday following the completion of North America's first in-field trial of enhanced mobility features tied to Ericsson's 5G Advanced Critical IoT subscription. The trial, conducted with Ericsson and MediaTek, demonstrated that Ericsson's Low-Latency Mobility feature set reduced data interruption during cell changes by up to 25% versus legacy Layer 3 mobility, aiming for faster, more reliable handovers and steadier data rates for devices in motion. The stock's advance defied a price-target cut from Morgan Stanley, where analyst Simon Flannery lowered his outlook to $25 from $30 while maintaining an Overweight rating. AT&T shares were up 1.99% at $20.99 at the time of publication, though the stock remains 5.3% below its 20-day simple moving average and 12% below its 50-day simple moving average. The next major catalyst is the July 22, 2026 earnings report, with analysts expecting earnings of 59 cents per share on revenue of $31.83 billion.

Wedbush warned that Broadcom could face a threat from a potential shift in Google's custom chip design work. Analyst Matt Bryson said a media report suggesting MediaTek may take over Google's tensor processing unit design for the next v9 chip, called Triggerfish, in 2028 could weigh on the view that Broadcom holds a stronger position than peers in the custom ASIC market. The Commercial Times reported that Google had initially planned to work with Broadcom and use its 448G SERDES technology, but delays may have pushed the shift. Broadcom shares fell more than 3% on Tuesday before trimming losses in premarket trading. Broadcom, Google, and MediaTek did not immediately respond to requests for comment.

Microsoft announced a sweeping slate of AI initiatives at its Build developer conference in San Francisco, aiming to remake computing around artificial intelligence. The company showcased Nvidia-powered PCs, a new in-house reasoning model, autonomous workplace assistants, and a prototype family called Project Solara that includes devices the size of a smart speaker or keycard badge based on chips from Qualcomm and MediaTek. CEO Satya Nadella also introduced the Surface RTX Spark Dev Box, a computer loaded with an Nvidia chip that he called a dream machine and said he was on the wait list to buy. Separately, Truist raised its price target on Microsoft stock to $675 while reiterating a Buy rating.

NVIDIA announced a series of deals in South Korea with tech giants including SK Hynix and Naver, aiming to secure memory chips for its AI ambitions, Reuters reported on June 8. The value of the deals, which also involved SK Telecom and Doosan Group, was not disclosed. Separately, on June 1, NVIDIA unveiled the RTX Spark PC chip, developed with MediaTek, that brings AI capabilities to desktops and laptops, with models from Dell, HP, Lenovo, ASUS, Microsoft Surface, and MSI expected this fall.

HyperLight Corporation has closed an $80 million Series C financing round led by MediaTek. The round includes participation from UMC Capital, Jabil, Foxconn, EDBI, CDIB-TEN Capital, and Qatar Investment Authority, along with strategic investors from leading silicon IC and networking companies, while existing investors Summit Partners, The Engine, Foothill Ventures, and Xora Innovation continue to support the company. The funding will be used to expand manufacturing capacity, accelerate customer qualification, scale its TFLN Chiplet Platform, and deepen partnerships across foundry, semiconductor, networking, and systems integration domains. HyperLight's TFLN Chiplet Platform supports 200G-per-lane operation and is sampling 400G-per-lane solutions, aiming to reduce power consumption as AI networks scale to higher lane speeds.

Synopsys announced the launch of its new Multiphysics Fusion platform, combining its AI-powered chip design tools with Ansys analysis technology to help customers develop advanced AI chips faster. The platform delivers up to 3x faster timing signoff and up to 10x faster design closure, and has been validated by NVIDIA, Samsung Electronics, MediaTek, and Cisco Systems. Early users are already seeing benefits, with MediaTek reporting runtimes 10 times faster than before, while NVIDIA said pilot designs achieved up to 5x faster design closure and as much as 86% IR fix rates. The first Multiphysics Fusion solutions cover timing signoff, design closure, multi-die designs, and analog and photonic workflows. Synopsys stock is trading slightly lower at about $458.61, down roughly 2.16% year-to-date, and the new platform could provide a positive catalyst if customer adoption and AI semiconductor spending remain strong.

Intel shares rose 3.5% on Wednesday as its foundry business showed signs of progress, bucking a broader market decline. The company began risk production with its 18A-P manufacturing process, which it says can deliver 9% faster chip performance at the same power as its standard 18A process. Reports indicate that Google and MediaTek are designing custom chips using Intel’s Embedded Multi-die Interconnect Bridge technology, while AMD, BYD, Google, and Tesla have approached Samsung about its capacity, highlighting a push to diversify beyond TSMC. Intel’s foundry unit posted a $2.4 billion operating loss on $5.4 billion in sales in the first quarter, but the US government took a 10% stake last year and the Trump administration has been urging companies to work with Intel. Nvidia invested $5 billion and pledged to co-develop AI infrastructure with Intel, and Apple struck a preliminary deal to use Intel chips in some devices.

Broadcom shares have fallen about 10% over the past month, with bulls arguing the dip presents a buying opportunity. The stock sold off after earnings despite strong results, as the company maintained its existing outlook rather than raising it, disappointing investors who had priced in an upgrade. AI revenue grew 143% year over year and AI bookings exceeded $30 billion, but management guided gross margins down to 74% from 77%, citing a shift toward lower-margin hardware. Bears warn that margin pressure could intensify as Google, Broadcom's largest customer, diversifies its custom chip sourcing to MediaTek and Marvell. Billionaire Dan Loeb's Third Point initiated a new 50,000-share position valued at approximately $15.48 million.