MediaTek Inc (
MediaTek also plans to sell its first chips for mobile phones by the middle of this year, company spokesman Yu Ming-to (
MediaTek may also be slipping in its plans to introduce the chips for mobile phones, analysts said. The company needs new products to sustain profit growth, which has slowed since the first quarter of last year, when net income quadrupled after consumers spent more on home entertainment products such as DVD players following the Sept. 11, 2001 attacks in the US.
"There won't be any contribution to MediaTek's sales from new chips until 2004," said Benny Lo (
MediaTek shares fell NT$1, or 0.3 percent, to NT$287. They have dropped a quarter in the past year.
MediaTek sells chips for DVD players to customers in China and South Korea, including Sichuan Changhong Electric Co (