June 23, 2026 01:35 PM GMT MediaTek | Asia Pacific M Idea Upside in both cloud and edge chip business; OW | What's Changed | | | | --- | --- | --- | | MediaTek (2454.TW) | From | To | | Price Target | NT$5,088.00 | NT$5,588.00 | We see better business development for AI ASICs. MediaTek's smartphone and WiFi chip price hikes should offset volume downside in smartphone and PC end markets. MediaTek looks to be getting more sufficient ABF substrate supply for 3nm TPU: In our recent AI supply chain tracker, we n ...