Just as the world awaits the US Senate vote on the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act, Intel announced that Taiwan-based fabless company MediaTek has become a customer of its foundry service business. The win for sure is a milestone for Intel, but MediaTek would be the one to reap multiple benefits.

Battery storage systems (BESS) are becoming cheaper because of the rising popularity of electric vehicles (EVs). This allows BESS to have a more cost-efficient production cycle due to economies of scale.

MediaTek is mulling raising its 3G and 4G mobile chip prices, aiming to mitigate the impact of disappointing 5G chip sales on its sales performance this year, according to industry sources.