By: Jackson Chang and Frances Huang
Taipei, Nov. 6 (CNA) MediaTek Inc. (聯發科), one of Taiwan’s leading integrated circuit
designers, said Friday that its sales for October hit a monthly record high in the company’s history after it factored in sales posted by Richtek Technology Corp. (立錡科技), which it acquired in early October, dealers said.
Richtek, an analog IC designer, has started its contribution to MediaTek’s sales after MediaTek completed a tender offer on Oct. 7 to acquire a 51 percent stake in Richtek. MediaTek aims to acquire the remaining stake in Richtek by the end of the second quarter of 2016 in a bid to broaden its product portfolio.
Meanwhile, the sales growth in October also reflected solid demand for smartphone chips and chips used in smart home devices, the IC designer said. Smartphone chips serve as the major source of MediaTek’s revenue, accounting for about 60 percent of its total. [FULL STORY]