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MediaTek weighs price hikes, reaffirms TSMC partnership

MediaTek held its shareholders’ meeting on May 29. Addressing the company’s future outlook, Chairman Ming-Kai Tsai said that while the mobile phone market in 2026 has performed below expectations due to a sharp rise in memory prices, MediaTek’s market share in various connectivity chips has increased significantly. He also noted that the company began generating revenue from AI data centers in 2026.