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MediaTek’s product engine hums; 3Q forecast shows cracks from FX drag, front-loaded demand

MediaTek reported solid second quarter 2024 performance during its July 30 earnings call, with CEO Rick Tsai highlighting strong demand for edge AI system-on-chips (SoCs) and high-speed connectivity products. The company also saw an uptick in pull-in orders from customers hedging against potential tariff volatility.