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MediaTek’s revenue soared by 80% in a year and is not going to stop
MediaTek, one of the largest suppliers of smartphone processors, recorded impressive revenue growth in January, amounting to almost 80% compared to the same month last year.
Revenue reportedly reached T $ 35.33 billion, or roughly $ 1.26 billion. This is 78.3% more year on year and 9% more compared to December 2021. Moreover, the shown result became the second largest in the history of MediaTek.
According to the results of the first quarter, MediaTek expects to show an 8% increase in revenue compared to the last quarter of 2021 – up to 96.4-104.1 billion Taiwan dollars (up to 3.72 billion US dollars).
MediaTek’s financials are booming amid strong demand for 5G mobile-enabled products. In the 4G segment, supply growth is also recorded.
Earlier, the chairman of the board of MediaTek Cai Lixing announced that this year the company intends to allocate a record amount of about $ 3 billion for research and development work in various fields. The company, in particular, will continue to develop the 5G direction.