MediaTek Inc, the world’s biggest smartphone chip supplier, said it aims to capture up to 20 percent of the serviceable available market of the customized AI accelerator market next year, up from its previous target of 10 to 15 percent of the market, which is worth US$80 billion. The company expects the market and its share to expand further in 2028 after its second customized AI accelerator enters volume production. Chief executive officer Rick Tsai told an online investors’ conference that volume production of the first AI ASIC designed for a US cloud service provider would begin in the fourth quarter this year. MediaTek expects to generate more than US$2 billion from chips used in data centers this year. The board approved a US$5 billion budget to secure supply chain capacity and fuel expansion from AI ASIC to full-scale systems and platforms. MediaTek forecast revenue this quarter would be flat or expand 15 percent sequentially to between NT$152.2 billion and NT$159.8 billion. Growth in connectivity and vehicle chips is expected to offset a mid-single-digit percentage decline in smartphone chip revenue due to increased material costs.