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    MediaTek reports 4.67% YOY drop in April revenue

    Well known Taiwan-based chipmaker MediaTek has released its financial report for April 2020, and things aren’t looking good. The company posted a revenue of approximately $688 million, down 4.67% year-on-year. This record is also a 10% decrease relative to March 2020. From January to April this year, MediaTek’s revenue exceeds $2.7 billion, up 9.60% year-on-year.

    However, the company said that the financial data is internal and has not been ratified by an accountant. MediaTek is a fabless semiconductor company focused on wireless communications, digital multimedia, and other technological advancements. It provides chip integrated system solutions for wireless communications, high-definition digital television, optical storage, DVD, and Blu-ray products.

    Recently, MediaTek released the technology-enhanced version of the Dimensity 1000 series – Dimensity 1000+ 5G chip. According to MediaTek, the 5G chip Dimensity 1000+ is based on the performance of high performing flagship chips in the 5G era. It’s meant to fill the flagship premium end of the market, as can be seen from the recent announcement of the iQOO Z1.

    On top of that, we’ve also got the recent launch of the Dimensity 800 5G chipsets which are looking pretty promising, so hopefully MediaTek might be able to bite back from this loss. For more news on MediaTek and the SoC market, stay tuned on Giztop.com.

    (Source)

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