MediaTek looking at 15% growth for three years5G PENETRATION: With a global rise in 5G tech and half the firm’s revenue coming from phone chips, MediaTek is looking at high growth for the foreseeable futureBy Lisa Wang / Staff reporterMediaTek Inc (聯發科), the world’s largest 5G smartphone chip supplier, yesterday said it expects revenue to grow about 15 percent each year for the next three years, buoyed by its swift technology migrations and expansions in addressable markets. The Hsinchu-based chipmaker’s strong projection came after reporting 53.2 percent annual revenue growth last year to a record NT$493.4 billion (US$17.73 billion), a step closer to its target of US$20 billion revenue. MediaTek attributed the strong growth to its early sub-6 gigahertz 5G readiness, and its support of WiFi 6 technologies, helping it capture business opportunities as new products were introduced. To concentrate its research-and-development resources on promising products, MediaTek streamlined its businesses and separated each into three groups: mobile phones, smart edge platforms and power management chips. He said that 5G phones this year are expected to increase to 700 million units worldwide, comprising more than 50 percent of the world’s mobile phones, adding that the penetration rate of 5G phones was close to 40 percent last year.

Source: Taipei Times January 28, 2022 03:54 UTC