By: Jackson Chang and Frances Huang, Central News Agency
Taipei, April 9 (CNA) First-quarter sales of MediaTek Inc., Taiwan’s largest integrated circuit designer, dropped more than 9 percent from the previous quarter despite a jump in March but were within its expectations, the company said Friday.
MediaTek posted NT$55.91 billion (US$1.72 billion) in sales for the first quarter, after predicting a range of NT$52.5 billion to NT$57.4 billion.
The figure, however, was 9.4 percent lower than in the fourth quarter of last year due to a slow season resulting from inventory adjustments, said the company, which makes about 60 percent its total revenue from smartphone chips.
In March, MediaTek sales were boosted by strong global demand for smartphones, jumping 61.13 percent from February and climbing 4.59 percent year-on-year to NT$21.34 billion. [FULL STORY]