The world’s biggest mobile phone chip supplier said it would review its previous forecast of 15 percent of compound annual growth over the next three years. MediaTek also slashed its forecast for global 5G smartphone chip shipments to 600 million units this year. The chipmaker expects revenue this quarter to decline between 1 and 9 percent, coming in at NT$141.7 billion to NT$154.2 billion (US$4.73 billion to US$5.15 billion). Mobile phone chips outpaced the rest of the chip businesses last quarter, attributable to robust demand for its flag-ship and high-end chips, it said. Mobile phone chips accounted for 54 percent of the company’s overall revenue last quarter, it added.

Source: Taipei Times July 30, 2022 04:14 UTC