MediaTek, the chip-making company, is projected to see a sizeable growth of 20 percent in terms of sales volume in 2020. The boost in numbers arrives after its announcement of its latest mobile SoC which boasts 5G networking capabilities. The company has invested billions of dollars in 5G technology development with thousands of research specialists and is confident in its products capabilities.
According to a new report, MediaTek’s sales will grow to 9.84 billion US dollars in the Q1 of 2020. The number is about 20 percent higher than the company’s expected sales in 2019. The U.S. securities house published a research note that predicts the boom owing to the new Dimensity 1000 SoC (MediaTek’s first 5G networking capable chipset) which was announced on Tuesday.
The Dimensity 1000 SoC is targetting the Chinese markets according to analysts. This includes manufacturing giants as clients such as Xiaomi and Oppo. The new 5G chipset uses the advance 7nm process of Taiwan Semiconductor Manufacturing Co. (TSMC) which is the world’s largest contract chipmaker. It is expected that the new SoC will hit the markets in the first quarter of 2020.
Editor’s Pick: Blackviews first 5G Rugged flagship will use MediaTek’s Dimensity 1000 chipset
Notably, the US brokerage reported that the Dimensity 1000 SoC is twice as fast as the Kirin 990 and Exynos 980 chipsets; which are proprietary SoC’s made by HiSilicon Technologies from Huawei and Samsung respectively. It is also being claimed that it can rival Qualcomm’s Snapdragon 5G chips but the exact model was not mentioned. Unfortunately, we will have to wait till the official launch for real life tests.
The Dimensity 1000 could usher in a new wave of smartphones equipped with MediaTek’s processors. It is being forecasted by the brokerage that the company will ship about 60 million units of the latest chip in 2020. Additionally, MediaTek is also partnering up with the American tech giant, Intel, for the development of 5G chips for notebook computers.
UP NEXT: Xiaomi Mi Suitcase Transparent Edition announced with a see-through body for 499 Yuan ($71)
(Via)
