MediaTek plans to de-prioritize its mobile chip division and shift resources toward blue-ocean markets such as artificial intelligence application-specific integrated circuits (ASICs) and automotive chips. MediaTek is deepening its collaboration with Google, whose TPU chips are scheduled to enter mass production in the third quarter of this year, requiring MediaTek to allocate more resources.MediaTek expects its ASIC business revenue to reach $1 billion by 2026.