ByteDance seeks MediaTek AI chips as DBS targets MediaTek stock at TWD 6,200

Published on 10/20/2026 at 10:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue hit TWD 168.058 billion, up 10.43 percent quarter on quarter. The next results arrive for MediaTek stock on October 30, 2026.

AI expansion and scheduled results

Reuters reported on October 14, 2026, that ByteDance was close to a MediaTek chip agreement.
MediaTek's third-quarter revenue reached TWD 168.058 billion, up 10.43 percent quarter on quarter.
MediaTek stock's next earnings release is scheduled for October 29, 2026.

MediaTek, TW0002454006, Illustration mit AI erstellt.

MediaTek (ISIN TW0002454006) is seeking a larger role in artificial intelligence infrastructure after ByteDance moved closer to a custom-chip agreement, while DBS set a TWD 6,200 target for the stock. Reuters reported on October 14, 2026, that ByteDance was close to an agreement to secure MediaTek semiconductors for its data centers. MarketScreener reported on October 9, 2026, that DBS started coverage with a Buy rating and a TWD 6,200 price target.

AI chips broaden the growth case

ByteDance would become MediaTek's second major customer for custom application-specific integrated circuits if the talks produce an agreement, after Alphabet's Google. Bloomberg, cited by Reuters, described the chips as bespoke components for ByteDance data centers, but the report did not provide a contract value.

MediaTek's operating case already has a measurable AI component. The company expects data-center revenue to exceed USD 2.00 billion in 2026, and its first AI accelerator ASIC is scheduled for volume production in the fourth quarter, according to the company's earnings materials summarized by EffectStory.

What could the deal add?

The latest operating figure is the clearest answer. MediaTek reported third-quarter revenue of TWD 168.058 billion on October 8, 2026, up 10.43 percent from the prior quarter and above its TWD 152.20 billion to TWD 159.80 billion guidance range, according to EffectStory. September revenue was TWD 55.399 billion, up 1.97 percent year over year but down 13.69 percent from August.

Three milestones frame the story

On August 31, 2026, MediaTek and NVIDIA announced a partnership involving AI infrastructure and a USD 3.50 billion convertible-bond investment by NVIDIA. On September 15, 2026, MediaTek launched the Dimensity 9600 Pro, which the company said delivered up to 17.00 percent higher single-core performance than its predecessor. On October 14, 2026, the ByteDance talks pointed to a possible second major ASIC customer.

Results dates are approaching

MediaTek's next earnings release is scheduled for October 29, 2026, according to MarketScreener. The company's investor-relations calendar lists its October 2026 monthly sales update for November 10, 2026, on the MediaTek investor-relations page.

Valuation meets execution risk

MediaTek was last at TWD 4,150.00 on October 20, 2026 at 1:30 p.m. Taipei time on the Taiwan Stock Exchange. Its 52-week range was TWD 1,130.00 to TWD 5,480.00, and its market capitalization was TWD 6.6 trillion on the same date. The upcoming results will show whether AI infrastructure is becoming a material counterweight to the company's mobile-chip exposure.