Date: Apr 10, 2015
By: Lisa Wang / Staff reporter
MediaTek Inc (聯發科) yesterday posted better-than-expected revenue of NT$47.54 billion (US$1.48 billion) for last quarter, which slightly beat UBS Securities Pte Ltd’s estimate of NT$47.35 billion and CIMB Securities Ltd’s forecast of NT$47.4 billion.
The company — locked in fierce competition with Qualcomm Inc for the handset chip business — attributed its performance to revenue more than doubling last month on restocking demand from Chinese clients ahead of the Labor Day holidays.
Revenue jumped to NT$20.4 billion last month from NT$9.67 billion in February and rose 3.33 percent from NT$17.43 billion in the same period last year. [FULL STORY]