MediaTek and Broadcom (AVGO) are continuing to compete for Meta‘s (META) new application-specific integrated circuit projects, with industry insiders saying that both companies are performing at a comparable level, DigiTimes’ Jay Liu and Charlene Chen report. Liu and Chen write that MediaTek has won Meta’s new 2nm ASIC order and is aiming for mass production in 1H27.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Meta Stock: Looking for a ‘Stronger Monetization Strategy,’ Says Scotiabank Ahead of Q2 Earnings
- Meta Platforms price target raised to $800 from $640 at Benchmark
- Ford Stock (NYSE:F) Slips as Competitors Gain Ground
- Meta’s (META) Texas Solar Project Gets $900 Million Investment from Enbridge
- Alphabet (GOOGL) Investors Bet that Q2 Results Will Outweigh Antitrust Risks