MediaTek has just reported its revenue for the month of May 2021. During this month, the company saw a growth of 13 percent month on month, while registering a whopping 90 percent growth in comparison to the same month last year.
According to a DigiTimes report, the chip making giant’s revenue reached 41.33 billion New Taiwan Dollars (roughly 1.5 billion US Dollars) in the month of May. On the other hand, the total revenue for the first five months of this year arrived at 185.93 billion New Taiwan Dollars (roughly 6.7 billion US Dollars), marking another significant growth of 80.2 percent year on year.
MediaTek also announced that it is on track to meet its initial sales growth estimate for the second quarter of this year, which is set between 10 to 18 percent over last year. Furthermore, the firm announced that it is working closely with its backend partners to reduce the impacts of the COVID cluster infections at OSAT King Yuan Electronics (KYEC). The company stated that it is also set to meet its expectations for the full year sales growth and gross margin guidance.
Previously, the fabless chip producer had estimated that its revenue will rise by over 40 percent in this year, recording somewhere between a 44 percent to 46 percent gross margin. The news arrives despite the two day fab closure at KYEC that led to 30 to 35 percent loss in its June output.
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