Tech giant MediaTek posted nearly 80% revenue growth in January compared to the same month in 2020. This is the second largest amount of revenue in the history of the company.
According to DigiTimes, the company recorded revenues of $ 1.26 billion. This is 78.3% higher than a year earlier and 9% higher than in December 2020. In addition, the chipmaker also expects revenue growth for the whole quarter by 8%, to 3.44-3.71 billion dollars. …
This has been driven by the rise in popularity of 5G SoCs used in smartphones, as well as the rise in shipments of 4G smartphones and Chromebooks. MediaTek CEO Rick Tsai said overall mobile chip shipments are expected to grow substantially this quarter compared to the fourth quarter of last year.
MediaTek also expects revenue growth by the end of 2021, and gross profit will be from 43 to 44%. The company generated revenues of $ 11.5 billion last year), up 30.8% from 2019.
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