Added to YB: 2026-02-25
Pitch date: 2026-02-16
2454.TW [bullish]
MediaTek Inc.
-2.93%
current return
Author Info
No bio for this author
Company Info
MediaTek Inc. engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally.
Market Cap
TWD 3.0T
Pitch Price
TWD 1.9K
Price Target
N/A
Dividend
2.91%
EV/EBITDA
26.23
P/E
28.04
EV/Sales
4.57
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Mediatek: Next Winner powering AI?
2454.TW: Fabless chip designer ($19B rev, 59% mobile, 37% smart edge) pivoting to AI. Google TPU partnership scaling to $10B ASIC rev by 2028 (vs ~$0 today) in $70B cloud ASIC market (targeting 10-15% share). Edge AI leader in Android tablets/Chromebooks w/ Dimensity 9500. Trading at 25x P/E like cyclical mobile supplier vs Broadcom/Marvell at 60-70x. Near-term risk: smartphone volumes pressured by high DRAM prices (-10-15% potential). Base case: $32B rev in 3yrs (5-6% CAGR core + ASIC ramp). Upside: additional hyperscaler wins (AMZN/MSFT). Valuation re-rating thesis if transitions from cyclical to AI infra enabler.
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