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MediaTek’s July revenue was NT$26.692 billion, a year-on-year increase of 29.02%.

Published :8/11/2020 7:23:02 AM

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Industry insiders predict that in addition to mobile phone chips, the demand for tablets and Chromebooks driven by telecommuting and teaching caused by the epidemic will continue to drive growth in the third quarter.

MediaTek’s revenue in the second quarter increased compared with the previous quarter, achieving revenue of 67.603 billion yuan, an increase of 9.8% year-on-year; net profit of 7.31 billion yuan, an increase of 12.4%. The main reason is the launch of new 5G smartphone products and the increase in sales of some consumer electronic products such as WiFi 6, power management chips.

MediaTek CEO Cai Lixing once said: "Although the current epidemic has brought many uncertainties to global economic growth, MediaTek has strong anti-risk capabilities through its diversified layout in 5G, customized chips, and automotive electronics. There will be steady and sustained growth year-on-year."