With Impressive Q1 Earnings. MediaTek Forecasts 10 to 18% Revenue Growth In Q2

According to DigiTimes, MediaTek has pushed its internal revenue growth for 2021 to 40 percent and gross margin projections for 2021 to 44-46 percent. According to this report, the Taiwanese company forecasts that its revenue growth in the second quarter should be between 10 to 18 percent.

For the first quarter, MediaTek reported aggregate revenues of $108.03 billion which was up 77.5 percent on year and 12.1 percent successively. The company’s figure for Gross Margin stood at 44.9 percent and Net Profits of $25.77 billion was recorded. Net Profits went up 73.4 percent successively and 347 percent on year.

According to various sources, MediaTek is already in talks with its upstream supply chain partners concerning the need for capacity support for next year. According to these sources, the results achieved so far have been both impressive and satisfactory.

MediaTek was founded on the 28^th of May, 1997 and since then has provided chips used in wireless communications, smartphones and tablets, consumer multimedia products, high-definition television, etc. The company has its headquarters at Hsinchu, Taiwan and has 25 other offices around the world. In 2016, MediaTek was crowned the third largest fables IC designer in the world.

MediaTek recently launched a chipset called Dimensity 1200 for flagship 5G smartphones in India. The chip is acclaimed to be one of the best when it comes to speed; it has a clock speed of 3GHz with up to 22 percent faster CPU performance and is also 25 percent more efficient than older versions. The new Dimensity 1200 delivers faster performance that improve Artificial Intelligence multimedia abilities, gaming enhancements, better displays, etc, as it is equipped with Arm Mali-G77 MC9 GPU and six-core MediaTek APU 3.0.

There is currently a global shortage of chips and tech companies would do anything to lay their hands on one. The new MediaTek chip could be hugely demanded and this demand could reflect in Q2 earnings; it is therefore not impossible to expect 10-18 percent revenue growth this next quarter.