Taiwan tech firm’s stock soars 40% on booming demand for smartphones and its new AI chip – Canada Boosts
A five-month rally in MediaTek Inc. appears to be like set to increase as booming demand for smartphones and a promising new AI chip brighten the corporate’s outlook. The Taiwanese tech agency’s inventory has soared virtually 40% for the reason that finish of June, outperforming a 2% advance within the Philadelphia Inventory Trade Semiconductor Index…