MediaTek expects revenue to reach $17 billion this year and double in two years

According to Taiwan media reports, MediaTek Chairman Cai Lixing publicly said yesterday that it is expected that this year's revenue is expected to reach $17 billion, compared with $8 billion in 2019 to achieve double growth.

In terms of operating profit, it has increased fivefold compared with 2019 to $3.8 billion.

In terms of product lines, under the strong growth of 5G chips, the mobile phone chip business is expected to grow by 113% this year, with the best performance. In addition, chips such as the Internet of Things and computing will also maintain a rapid growth rate of 43%. Overall, MediaTek's revenue growth rate this year will exceed the average level of the semiconductor industry by 25%.

In terms of mobile phone chips, MediaTek's market share was only more than 20% in 2018, and it has increased to 40% this year, surpassing Qualcomm to rank first in the world. However, just looking at 5G chips, Qualcomm still holds the leading position.

Cai Lixing stressed that the next five years will maintain more than 15% performance growth, revenue can soon exceed the $20 billion mark. MediaTek's revenue exceeded $10 billion for the first time in 2020.

In addition, according to Chen Guanzhou, general manager of MediaTek, MediaTek's first chip that supports 5G millimeter wave has passed the compatibility test of US operators, and it is expected that related terminal products will be listed in the second quarter of next year. C114 Communication Network Nanshan