You are here: Home » Technology » News
Business Standard

MediaTek expects 10-18% revenue growth in second quarter: Report

MediaTek is a Taiwanese chipmaker

Topics
MediaTek | technology industry

IANS  |  Taipei 

mediatek

Taiwanese chip-maker company is expecting to post another sequential increase of 10-18 per cent in revenues for the second quarter of 2021.

The company has also raised its internal revenue growth and gross margin projections for 2021 to 40 per cent and 44-46 per cent, respectively, DigiTimes reported, citing industry sources.

The company has already begun talks with its upstream supply chain partners about capacity support for 2022 and has achieved satisfactory results so far, the sources said.

reported consolidated revenues of NT $108.03 billion for the first quarter, up 12.1 per cent sequentially and 77.5 per cent on year, with gross margin arriving at 44.9 per cent and net profits NT $25.77 billion, up 73.4 per cent sequentially and 347 per cent on year.

The company last month launched a new chipset for flagship 5G smartphones, Dimensity 1200, in the India market.

The 6nm Dimensity 1200 SoC features one of the fastest smartphone octa-core CPUs ever -- with a clock speed of 3GHz with up to 22 per cent faster CPU performance while also being 25 per cent more power-efficient versus the previous generation.

Equipped with Arm Mali-G77 MC9 GPU and six-core MediaTek APU 3.0 with 12.5 per cent faster performance, the SoC delivers flagship-level premium performance with AI multimedia capabilities, incredible displays, faster refresh rates, gaming enhancements, and much more.

--IANS

vc/rt

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, May 01 2021. 18:21 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU