MediaTek today announced that its consolidated revenue in January 2022 was NT$43.502 billion (about $1.55 billion), which is a year-on-year increase of 23.1% but also a month-on-month decrease of 5.8%. While it’s kind of a bumpy start compared to December 2021, MediaTek is optimistic about the quarter as a whole.

The Taiwanese chipmaker has predicted that the revenue for the first quarter of 2022 would be between NT$131.2 billion (around $4.7 billion) to NT$141.5 billion (around $5.1 billion), which is an increase of about 2% to 10% over the previous quarter, and an increase of 21% to 31% year-on-year (via IT Home).

MediaTek CEO Cai Lixing says that the revenue is driven by the increased 5G penetration and the shipment of the flagship chip Dimensity 9000, which can also offset the impact of low seasonal demand for some consumer products.

The financial report from 2021 shows that MediaTek’s annual revenue reached NT$493.4 billion (around $17.6 billion) last year, which is a YoY increase of 53.2% and also a new record high. Similar growth was recorded in the fourth quarter of 2021, with the revenue standing at NT$128.6 billion (around $4.7 billion), which is an increase of 33.5% over the same period last year.

All in all, MediaTek is doing quite well for itself, even shipping more smartphone chips than Qualcomm in China last year. MediaTek shipped 110 million units in 2021 compared to 77.4 million units in 2020 in the country.

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