Armed with AI-capable chips, MediaTek now looks to rival Apple and Qualcomm

New Delhi: Taiwanese chipmaker MediaTek is gunning for the premium segment in coming years taking on formidable US rivals Qualcomm and Apple with the launch of its latest line-up of flagship mobile processors focussing on high performance and generative AI capabilities, a top company executive said.

“Our revenues increased from $7.9 billion to $14 billion in calendar 2023 globally. A big milestone this year is that we’ve been able to generate $1 billion in revenue from our flagship chipsets globally,” MediaTek India managing director Anku Jain told ET.