MediaTek Inc (聯發科), the world’s largest smartphone chip supplier, on Friday posted 26 percent annual revenue growth to NT$52.08 billion (US$1.76 billion) last month, the third-highest in the company’s history.
On a monthly basis, revenue fell 1.04 percent from NT$52.63 billion in April, the company said in a statement.
The Hsinchu-based chip supplier saw revenue drop for a second straight month after its revenue climbed to a record high of NT$59.18 billion in March.
Photo: David Chang/EPA-EFE
For April and May, MediaTek posted combined revenue of NT$104.71 billion. That means the chipmaker must earn NT$42.29 billion to meet its revenue forecast of between NT$147 billion and NT$157 billion for the second quarter.
Despite growing concern that rising inflation risk and a wobbling global economy could dampen smartphone demand, MediaTek told shareholders last month that it would maintain its revenue growth target over the next three years.
The chipmaker’s optimism is built on the increasing global adoption of 5G smartphones, MediaTek said.
MediaTek expects 5G smartphones to account for 50 percent of all handsets this year, up from 30 percent last year.
Revenue should grow at an annual compound rate of 15 percent over the next three years, the company said.
During the first five months of this year, revenue surged 33 percent. Smartphone chips comprised more than 50 percent of the company’s overall revenue last quarter.
Separately, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, set a new high for monthly sales for a second consecutive month last month, which analysts attributed to robust global demand for new tech applications.
TSMC posted consolidated sales of NT$185.71 billion, up 7.6 percent from a previous high of NT$172.56 billion in April.
Last month’s figure was also up 65.3 percent from a year earlier, company data showed.
In the first five months of the year, TSMC’s consolidated sales totaled NT$849.34 billion, up 44.9 percent from a year earlier, it said.
While global demand for smartphones and other consumer electronic gadgets showed signs of weakening, TSMC continued to benefit from robust demand for high-performance computing devices and automotive electronics last month, analysts said.
Due to the strong demand, TSMC continued to see its capacity utilization rate at record highs, further boosting its shipments during the month, analysts said.
Additional reporting by CNA
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
RECORD-BREAKING: TSMC’s net profit last quarter beat market expectations by expanding 8.9% and it was the best first-quarter profit in the chipmaker’s history Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which counts Nvidia Corp as a key customer, yesterday said that artificial intelligence (AI) server chip revenue is set to more than double this year from last year amid rising demand. The chipmaker expects the growth momentum to continue in the next five years with an annual compound growth rate of 50 percent, TSMC chief executive officer C.C. Wei (魏哲家) told investors yesterday. By 2028, AI chips’ contribution to revenue would climb to about 20 percent from a percentage in the low teens, Wei said. “Almost all the AI innovators are working with TSMC to address the
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”