MediaTek revenue to grow 17.6 percent

SOARING:MediaTek, which has a long list of Chinese clients, expects its market share in China to increase from 40 percent last year to between 40 and 50 percent this year

Taipei Times
Date: Dec 06, 2016
By: Lisa Wang / Staff reporter

MediaTek Inc (聯發科), which designs chips for smartphone vendor Xiaomi Corp (小米), is expected to see its revenue grow by 17.6 percent annually this year, benefiting primarily from strong growth at Chinese smartphone vendors, TrendForce Corp (集邦科技) said yesterday.

MediaTek is one of few chip designers that would see its revenue grow by a double-digit percentage from a year earlier, TrendForce said.

The company’s revenue is to expand to US$8.9 billion this year, compared with U$7.59 billion last year, retaining its position as the world’s third-biggest chip designer, the Taipei-based market researcher said.

The Hsinchu-based company has a long list of Chinese clients, including Oppo Mobile Telecommunications Corp (歐珀移動) and Vivo Electronics Corp (維沃移動通信).    [FULL  STORY]

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