MediaTek has seen some improvements in its revenues in the month of June which also happens to be the end of the second quarter. The company seems to be heading back to winning ways after shifting its focus from flagship chipset to providing premium mid-range and budget SoCs. The Taiwanese chipmaker has reported consolidated revenue of NT$20.89 billion for June 2019 which is about $643.1 million US dollars.
The revenue is 9.3% higher than what the company got in May but is 0.8% lower than what was accrued in the same period last year. This is despite a higher consolidated sale for the second quarter. The consolidated sale of NT$61.57 billion is 14.4% higher Quarter-on-Quarter and 1.8% higher Year-on-Year. The fabless chip manufacturer generated total revenue of NT$114.29 billion for the first half of 2019 which is a 3.8% YoY increase in revenue.
The revenue is in line with the guidance the company have in May and is a sign of good things to come. MediaTek continues to enhance its mobile SoC offering while channelling energy to non-mobile chip solutions in order to create a rich product mix. The sales of MediaTek’s solutions for IoT, power management IC and ASIC are listed to account for 30-35% of the company revenues in the first quarter of 2019 with an attendant rebound in the gross margin above 40%.
MediaTek recently announced several new non-mobile SoCs in addition to its new smartphone chips that include the company’s first 5G SoC. One of such is the new MediaTek i700 for AIoT applications which are billed to start shipping in products next year. Earlier this month, the S900 was launched for smart TV with support for 8K resolution.
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(source)
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