CORPORATE GOALS: Chief executive officer Rick Tsai took over in 2017 with a priority to increase gross margin to 40 percent and recover market share in China

Taipei Times
Date: May 01, 2019
By: Lisa Wang  /  Staff Reporter

MediaTek Inc (聯發科), which supplies chips primarily to Chinese smartphone vendors, yesterday said that net profits last quarter surged 34.8 percent annually as gross margin climbed above 40 percent for the first time in three-and-a-half years.

The figure can be considered an achievement by chief executive officer Rick Tsai (蔡力行), who took over in July 2017 with a priority to increase gross margin to 40 percent and recover the firm’s market share in China.

MediaTek achieved the target two quarters earlier than expected.

During the quarter that ended on March 31, gross margin increased to 40.7 percent from 38.4 percent a year earlier and from 38.9 percent the previous quarter.    [FULL  STORY]