MediaTek's stock price breaks through the 2,000 mark and hits the daily limit up as investors cheer, with the earnings call countdown igniting an AI ASIC theme

MediaTek, a leading semiconductor chip design company (2454), saw a strong surge to a daily limit-up as its share price jumped to 2,090 Taiwan dollars in the morning trading session on the 21st, setting a new all-time high and becoming one of the focus stocks among Taiwan’s electronic large-cap stocks that day. The market generally believes that this upswing was driven by renewed repricing in valuation and revenue scale, as expectations from outside the company point to MediaTek’s entry into the AI ASIC and custom chip market.

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MediaTek’s revenue provides a bottom line; first-quarter results meeting targets boosts confidence

Before the share price hit a new high, MediaTek’s financial figures had already helped consolidate market confidence. According to Economic Daily News, the company announced that March’s consolidated revenue reached 63.22B yuan, with a month-over-month increase of 62.29% and a year-over-year increase of 12.9%, and it also set a historical record for the highest single-month revenue. Cumulative consolidated revenue for the first quarter totaled 149.15B yuan; although it fell 0.69% quarter over quarter and declined 2.71% year over year, it still landed near the upper end of the company’s prior financial guidance targets, fulfilling management’s performance commitments.

In other words, even if demand from mobile device endpoints continues to be pressured by the squeeze of rising memory and component costs, the resilience of MediaTek’s overall operations has still been validated—providing strong fundamental support for bullish share-price momentum.

Goldman Sachs calls for a 2,454 target price; “2454 to 2,454” becomes a talking point

In addition, Goldman Sachs raised its 12-month target price for MediaTek more aggressively, increasing it from 2,200 Taiwan dollars to 2,454 Taiwan dollars, which matches MediaTek’s stock ticker code exactly.

The core basis for this upgrade from Goldman Sachs is its bullish view of the long-term growth momentum of MediaTek’s AI ASIC (application-specific integrated circuit). It estimates that the AI ASIC revenue contribution in 2026 could be revised upward to 2 billion US dollars, and that by 2027 it may have a strong chance to jump significantly to 12.3 billion US dollars, potentially becoming an important engine driving the overall revaluation of the company.

Data-center investment doubles; AI ASIC could become the second-largest revenue source

MediaTek’s push in the AI computing space is not something it started recently. The company’s general manager, Chen Guan-zhou, has already made its position clear: this year, the expected investment scale in data centers related areas will be double that of last year. The relevant product lines will be the fastest-growing business over the next three years, and could also rise to become the company’s second-largest revenue item in the medium term.

This move signifies that MediaTek is completing a deep business-model transformation—evolving from a consumer-focused IC design company centered on smartphone chips into a high-end chip platform provider spanning specific applications such as automotive and AI infrastructure. This kind of transformation will not only change outsiders’ imagination about the scale of MediaTek’s revenue, but will also drive a redefinition of the logic behind valuation.

Countdown to the 4/30 earnings conference; three major focuses shape the path ahead for the market

As MediaTek is expected to hold its first-quarter earnings conference on April 30, the market generally focuses on three core issues:

First, whether smartphone chip demand shows signs of a rebound in the second quarter; second, the specific timing of contributions from AI ASIC customer collaboration progress, shipment cadence, and actual revenue; third, whether the company can maintain steady performance in gross margin and control research and development expenses while actively expanding into high-end businesses.

In addition, Google Cloud Next 2026, which is expected to be held in the United States from April 22 to 24, is also expected to unveil the latest TPU v8 architecture. The market expects Taiwanese companies such as TSMC, MediaTek, Hon Hai (2317), Quanta (2382), Inventec (2356), and others to benefit, adding further fuel to the heat around AI supply-chain themes in Taiwan.

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This article—MediaTek’s stock price breaks through the 2,000 Taiwan-dollar mark to light up a limit-up; the countdown to the earnings conference ignites the AI ASIC theme—first appeared on Lian News ABMedia.