MediaTek stock hires former Intel executive for AI expansion

MediaTek has hired former Intel executive Navid Shahriari as a senior vice president, adding semiconductor design and advanced-packaging experience as the chipmaker broadens its artificial-intelligence and data-center business. Taiwan News reported the appointment on Thursday, November 5, 2026.

A senior role across key technologies

Shahriari is scheduled to join MediaTek on Monday, November 9, and will report to President and Chief Operating Officer Chen Kuan-chou. His responsibilities will cover advanced manufacturing processes, chip design and process integration.

The appointment also includes closer cooperation with major supply-chain partners and the integration of advanced technologies into MediaTek's products. For investors, the move points to execution capacity as the company seeks to build businesses beyond its established smartphone-chip base.

AI accelerator growth raises stakes

MediaTek expects its data-center AI accelerator application-specific integrated circuits to generate NT$82.32 billion in fourth-quarter revenue, according to the report. The company projects revenue from these products of about NT$526.88 billion next year and an estimated 20 percent market share.

Those targets give the new executive's remit a direct link to one of MediaTek's most important growth initiatives. The opportunity is significant, but delivery will depend on customer adoption, manufacturing execution and cooperation across the semiconductor supply chain.

The Taiwan equity market remains the broader setting for semiconductor investors as attention shifts toward AI infrastructure demand.

MediaTek's next investor focus will be whether its AI accelerator pipeline converts into sustained customer volume and revenue. The executive appointment adds technical and supply-chain depth at a time when that transition is becoming central to the company's growth profile.