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finance.yahoo.com Earnings

MediaTek plans $5 billion financing for AI data-center chips

By Wen-Yee Lee TAIPEI, July 31 (Reuters) - MediaTek, Taiwan's largest chip designer, said on Friday its board had approved a discretionary financing budget of $5 billion to support long-term growth, including ‌its expansion into AI chips for data centers. The plan highlights the company's push to reduce ‌its reliance on smartphones and become a significant supplier of …

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