MediaTek’s July monthly revenue was NT$31.763 billion, a year-on-year decrease of 22.3%

According to news from this site on August 10, MediaTek announced today its revenue announcement for July 2023. The consolidated revenue in July was NT$31.763 billion (Note from this site: currently about NT$7.21 billion) , a month-on-month decrease of 16.8% and a year-on-year decrease of 22.3%.

In the first seven months, MediaTek’s consolidated revenue reached NT$225.55 billion (approximately 51.2 billion yuan), a year-on-year decrease of 33.5%

▲ Picture source MediaTek official website

MediaTek CEO Cai Lixing predicts that the company’s revenue in the third quarter is expected to reach NT$100 billion, which is expected to be between NT$102.1 billion and NT$108.9 billion. (approximately 23.381 billion yuan to 24.938 billion yuan), a month-on-month increase of 4% to 11%

Cai Lixing said that both revenue and gross profit margin in the second quarter reached the middle value of the company's target, The performance of the three major product lines, including mobile phones, smart devices and power management chips, grew simultaneously .

Cai Lixing said he expects revenue performance from smartphones, networking chips and power management chips to improve, thereby mitigating the impact of declines in smart TVs and other consumer products. In the market cycle, MediaTek will continue to strive to achieve a balance between market share, revenue and profitability

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