MediaTek Inc.

2454.TW · TAI

Company research

MediaTek Inc. (TWSE: 2454) is a Taiwanese fabless semiconductor company founded in 1997 and headquartered in Hsinchu Science Park, Taiwan, specializing in the design and development of System-on-Chip (SoC) solutions for a broad range of applications. The company operates across three core business segments — Mobile, Smart Edge, and Power IC — offering chipsets for smartphones, tablets, smart TVs, IoT devices, automotive platforms, and connectivity technologies such as Wi-Fi 7 and 5G, powering over 2 billion devices annually and holding the leading position in global smartphone chipset market share. MediaTek's flagship Dimensity series competes in the high-end smartphone tier, while its Genio platforms address enterprise and consumer IoT, and its automotive SoCs target eCockpit, telematics, and mmWave radar applications. With revenues of NT$530.59 billion in 2024 and a market capitalization of approximately NT$6.73 trillion, MediaTek stands as the world's fifth-largest fabless semiconductor company and a key constituent of the TAIEX and MSCI Taiwan indices.

Research reports

KGI Asia Limited (KGI Research) · July 30, 2025MediaTek (2454.TW/2454 TT) – Concerns regarding AI ASIC delays may be overblown

KGI previews MediaTek’s 2Q25/3Q25 performance, highlighting a gross margin beat driven by one-off long-term agreement income and guiding for a QoQ decline in 3Q25 sales while still expecting mid-teens full-year revenue growth. The report maintains a positive thesis on flagship smartphone SoC market-share gains and AI ASIC projects, reiterates a 2026 AI ASIC sales target of US$1bn, raises the target price to NT$1,700 based on 20x 2026 EPS, and flags risks from smartphone shipment weakness and slower-than-expected AI chip progress.