The Hsinchu-based chip designer had three months earlier projected a 40 percent growth from NT$322.16 billion (US$11.48 billion) last year. MediaTek expects next year to be another growth year, with a higher 5G penetration rate and accelerating digital transformation during the post-COVID-19 pandemic era. Photo: Vanessa Cho, Taipei TimesWith growth momentum continuing to build up, MediaTek expects revenue to reach US$20 billion within two years, double last year’s figure. “We already have enough growth upsides from our current four major business groups to achieve revenue of US$20 billion,” MediaTek chief executive officer Rick Tsai (蔡力行) told an online investors’ conference yesterday. MediaTek said revenue growth was across the board, with robust demand also from Wi-Fi chips, TV chips and chips used in tablets, Internet of Things devices and power management chips.

Source: Taipei Times July 27, 2021 15:56 UTC