MediaTek revenues jump 29 percent in 2016
 

Strategy this year is to sell high-end smartphone SoCs

MediaTek, the fabless semiconductor company from Taiwan that provides SoCs for HDTVs, Blu-ray players and wireless products, saw its revenues jump by 29.2 percent year-over-year to a record high of $8.6 billion (¥$275.51 billion), according to the latest industry reports.

Deemed one of the fastest growing chip companies in 2016, MediaTek's upswing in performance last year is attributed to a larger share of the worldwide smartphone SoC market, along with higher sales in local China and Taiwan markets. In Q4 2016, revenues totaled $2.18 billion (¥68.68 billion) which is down 12.4 percent over the previous quarter, but still falls within the company’s projection of $2.11 and $2.31 billion (¥66.6 to 72.9 billion).

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