MediaTek Inc (聯發科), the nation’s top handset chip designer, saw its ranking among the world’s top 20 semiconductor companies rise four notches in the first half of the year thanks to strong revenue growth of 33 percent, according to a report released on Saturday by market researcher IC Insights.
MeidaTek climbed to No. 18 from No. 22 a year ago, after its revenue grew to US$1.93 billion in the six-month period ending in June from US$1.46 billion a year ago, according to IC Insights.
MediaTek was among the top 10 best performers over the past two quarters, trailing only Qualcomm Inc and SK Hynix, which posted annual revenue growth of 37 percent and 38 percent to US$8.14 billion and US$6.1 billion respectively in the first half, the report said.
MediaTek’s revenue is expected to grow 27 percent to NT$126.27 billion (US$4.21 billion) this year, compared with NT$99.26 billion last year, as it benefits from rising Chinese demand for low-end smartphones, Credit Suisse said.
During the first two quarters, the world’s top 20 semiconductor companies saw their revenues rise by 4 percent to US$110.45 billion from US$105.87 billion in the same period last year, IC Insights said.
Taiwan’s No. 2 contract chipmaker, United Microelectronics Corp (UMC, 聯電), also saw its ranking rise one notch to No. 19 in the first six months, from No. 20 a year earlier, after its revenue increased 6 percent annually to US$1.91 billion from US$1.8 billion, IC Insights said.
The world’s top three semiconductor companies, Intel Corp, Samsung Electronics Co and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), kept their leading positions. Samsung and TSMC grew their revenue by 4 percent and 23 percent annually respectively, while Intel saw revenue fall 4 percent, according to IC Insight’s tally.