Tue, Feb 07, 2012 - Page 12 News List

MediaTek Inc’s revenue drops by 32% in January

By Lisa Wang  /  Staff Reporter

MediaTek Inc (聯發科), the nation’s top supplier of mobile phone chips, yesterday said revenue declined by almost 32 percent year-on-year to NT$5.16 billion (US$174 million) last month, hitting the lowest level in 11 months.

That represented a drop of 30.8 percent from the previous month’s NT$7.46 billion, according to the company’s filing with the Taiwan Stock Exchange before the stock market opened. Last month’s figure was the weakest since February last year, when it hit NT$4.53 billion.

Shares of MediaTek tumbled 2.4 percent to NT$285 yesterday.

The results came after the Hsinchu-based firm said on Friday that demand for feature phones would continue to be sluggish this quarter amid a dismal outlook on the global economy and weakening private consumption in emerging countries, MediaTek president Hsieh Ching-jiang (謝清江).

Fewer working days would also be a factor, Hsieh said.

That was despite double-digit percentage growth in the shipment of smartphone chips to up to 10 million units, boosted by strong demand in China.

Revenue this quarter is expected to drop by 10 to 15 percent sequentially to between NT$19.2 billion and NT$29.4 billion, in the seasonally slow period, compared with last quarter’s NT$22.63 billion.

Separately, TPK Holding Co (宸鴻), which supplies touch modules for Apple Inc’s iPhones and iPad tablet devices, yesterday said revenue more than doubled to NT$14.23 billion last month, from NT$6.87 billion a year ago.

However, that represented a contraction of about 20 percent from a record high of NT$17.76 billion in December last year. TPK attributed the decrease to fewer working days and slow seasonal demand.

Shares of TPK tumbled 2.21 percent to NT$465.5 yesterday.

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