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Taiwan's MediaTek expects 15% revenue decline for Q1

Feb. 6, 2012 (China Knowledge) - Taiwan-based MediaTek, the island's largest chip designer by revenue, said that its revenue for the first quarter of this year is expected to decline by 10% to 15% sequentially to be in the range of NT$19.2 billion to NT$20.4 billion, said President Hsieh Ching-jiang.

Hsieh noted the firm's gross margin may decrease from 44.2% in the first quarter of 2011 to be in the range of 42% to 44% in the first quarter of 2012.

Shipments of smartphone chips are estimated to grow to around 50 million units this year, as more Chinese consumers use entry-level smartphones instead of feature handsets, Hsieh added.

For the fourth quarter of last year, MediaTek's net profit shrank 23.8% year on year from NT$3.83 billion to NT$2.92 billion, the lowest since the third quarter of 2002.

In the whole year of 2011, the Taiwanese company saw its net profit plunge from NT$30.96 billion in 2010 to NT$13.62 billion, the lowest after NT$12.23 billion of net profit the firm reaped in 2002, sources reported.

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