MediaTek is apparently expecting to see another sequential rise of 10 to 18 percent in terms of revenue in the second quarter of this year. The company is projecting the revenue to be anywhere between 118.8 to 127.5 billion New Taiwan Dollars (roughly 4.22 to 4.53 billion US Dollars).
According to a DigiTimes report, the chip maker has even raised its internal revenue growth and gross margin projections for this year to 40 percent and 44 to 46 percent respectively. Furthermore, the company is even expecting the momentum to stay strong next year as well, as per sources close to the matter. The company has even begun talks with its partners in its supply chain regarding capacity support for 2022 and has also achieved good results so far, as per the source.
Additionally, MediaTek has reported its consolidated revenue for the first quarter of this year, which is around 108.3 billion New Taiwan Dollars. This figure is up from 12.1 percent sequentially and also marks a significant rise of 77.5 percent year on year. During the same period, the chip maker also had a gross margin of around 44.9 percent and net profits of 25.77 billion US Dollars.
This again marks a 73.4 percent sequential rise and a whopping 348 percent year on year grwoth. Interestingly, both the revenues and the net profits were new quarterly records for the company in Q1 2021, which is likely due to its booming business in recent months.
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