MediaTek is trading 10% up at TWD 3,910.00 after its board approved a massive $5 billion discretionary financing budget to accelerate expansion into data-center AI chips.
- The move marks a second straight sharp gain as investors rotate the company away from the sluggish smartphone market into higher-growth AI infrastructure.
- MediaTek's rally bucked broader semiconductor sector weakness fueled by market concerns over the sustainability of global AI spending.