MediaTek forecasts 6 percent growth

DEMAND STABILIZING:The firm says this quarter is becoming ‘relatively stable’ and that it expects a 4-5% boost from power chip supplier Richtek Technology

Taipei Times
Date: Oct 31, 2015
By: Lisa Wang  /  Staff reporter

Chip designer MediaTek Inc (聯發科) expects quarterly revenue to grow up to 6 percent on stabilizing demand and contributions from a newly acquired power management chip supplier.

The company, which supplies handset chips to Xiaomi Corp (小米) and Huawei Technology Co (華為), expects sales to reach between NT$57 billion and NT$60.4 billion (US$1.74 billion and US$1.84 billion) this quarter, compared with last quarter’s NT$56.96 billion.

“We are seeing overall demand become relatively stable in the fourth quarter compared with the third quarter,” MediaTek vice chairman and president Hsieh Ching-jiang (謝清江) told an investors’ teleconference yesterday.

Richtek Technology Corp (立錡), 50 percent owned by MediaTek, is to help boost the firm’s revenue by 3 percent to 5 percent this quarter, Hsieh said.     [FULL  STORY]

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