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MediaTek Set for 10% Revenue Growth Amid Smartphone Surge

2/8/2025

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Summary

Story summary

MediaTek, Taiwan's leading mobile chip supplier, is poised for a promising quarter with projected revenue growth of up to 10%, fueled by China's economic stimulus and a surge in smartphone chip demand. In 2024, the company celebrated a remarkable 22.4% sales increase, alongside a striking 38.2% rise in net profit, reaching NT$106.3 billion ($3.2 billion).

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Story summary

MediaTek, Taiwan's leading mobile chip supplier, is poised for a promising quarter with projected revenue growth of up to 10%, fueled by China's economic stimulus and a surge in smartphone chip demand. In 2024, the company celebrated a remarkable 22.4% sales increase, alongside a striking 38.2% rise in net profit, reaching NT$106.3 billion ($3.2 billion).