PRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS: MediaTek launches new AI data centre, OCBC beats top-line estimates

MediaTek's launch of a new AI data centre signals its commitment to expanding in the growing AI sector, which could enhance its competitive edge in chip production.

Newsquawk StaffPublished 8 May 2026, 00:51 UTCOn the live feed at 00:31 UTC — 2 more headlines followed before this page went public

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00:40

[UK Local Election Seat Update] Reform 35, Lib Dem 7, Labour 5, Green 2, Conservative 2, Other 2; 4 out of 5 councils declared remain held by Labour

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China's Finance Ministry conducts issuance of CNY 45.8bln to support the development of pre-school education, CCTV reports

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PRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS: MediaTek launches new AI data centre, OCBC beats top-line estimates

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Japanese S&P Global Composite PMI Final (Apr) 52.20 (Prev. 53.0)

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Japanese S&P Global Services PMI Final (Apr) 51.0 vs. Exp. 51.2 (Prev. 53.4)

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Taiwan

MediaTek (2454 TT) - Co. launched a new artificial intelligence data centre with a maximum capacity of 45 megawatts to meet rising demand for computing power required to develop advanced chips for AI applications. (Taipei Times)

Novatek Microelectronics (3034 TT) - Co. expects Q2 rev. to rise up to 23% Q/Q to between TWD 27.5-28.5bln, driven by pull-in orders amid surging key component prices. (Taipei Times)

Other Taiwanese News:

Taiwan is reportedly finalising a 25-year US LNG deal valued at USD 15bln with Cheniere Energy (LNG)

Singapore

Frasers Property (FPL SP) – H1 2026 (SGD): Net income 88.4mln, -37.8% Y/Y; Revenue 1.51bln, -5.2% Y/Y. (Frasers Property)

OCBC (O39 SP) – Q1 2026 (SGD): Net income 1.97bln (exp. 1.88bln), Revenue 3.83bln (exp. 3.72bln), affirms FY26 guidance. (OCBC)

Context

Meanwhile, OCBC's earnings beat expectations shows strong financial performance, which may boost investor confidence and support a positive outlook for the Singaporean banking sector amid ongoing economic uncertainty. Both developments are important indicators for broader market sentiment in the tech and finance sectors.

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