MediaTek expects Q3 2020 revenue to increase by 30%

    Popular Taiwanese semiconductor company MediaTek predicts that in the third quarter of 2020, the company’s revenue will increase by as much as 30% from the previous quarter.

    MediaTek predicts that in the third quarter of 2020, the company’s revenue will reach NT$82-87 billion (approximately US$2.77-27.9 billion), which is a 22% increase from the previous quarter’s NT$67.603 billion- 30%, far exceeding market expectations, because the company expects shipments of all its product lines (especially the Dimensity Series 5G SoC) to increase significantly.

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    In addition, the company also predicts that its gross profit margin in the third quarter will be around 41.5% to 44.5%, roughly the same as in the second quarter.

    MediaTek’s financial report for the second quarter of 2020 released at the end of July showed that the company’s revenue in the second quarter was NT$67.603 billion (about 16.1 billion yuan), a year-on-year increase of 9.8%; net profit was NT$7.31 billion ( Approximately RMB 1.74 billion), a year-on-year increase of 12.4%; gross profit margin was 43.5%, an increase of 0.4 percentage points from the previous quarter and an increase of 1.6 percentage points from the same period last year.

    In the first half of 2020, MediaTek’s revenue increased by 12.4% year-on-year to NT$128.46 billion, and net profit increased by 33.33% year-on-year to NT$13.114 billion, with an average gross profit margin of 43.31%.

    Industry sources said that MediaTek expects its full-year revenue to grow by at least 15% this year, twice the initial estimate.

    MediaTek is a semiconductor company that focuses on wireless communication and digital multimedia technology. The chip integrated system solutions provided by the company include wireless communication, high-definition digital TV, optical storage, DVD and Blu-ray and other related products.

    Last month, the company launched a new 5G smartphone processor Dimensity 720. This processor is built using TSMC’s 7nm process and integrates a low-power 5G modem. It is reported that Huawei, Xiaomi, OPPO and other mobile phone manufacturers will adopt this processor.

    The Dimensity 720 is the fourth 5G smartphone processor launched by MediaTek. The other three are the Dimensity 1000, Dimensity 800 and Dimensity 820.

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