MediaTek has announced a first-quarter revenue of NT$153.31 billion ($4.75 billion), reflecting a 14.9% increase compared to the same period last year. The company's operating gross profit also saw a rise, reaching NT$73.81 billion ($2.29 billion), which is a 5.6% year-on-year growth. However, the gross margin experienced a decline, falling to 48.1%, a decrease of 4.3% from the previous year. This revenue growth is attributed to heightened market demand and a surge in the adoption of technologies such as artificial intelligence and 5G.
Original from TechNode.com: MediaTek Q1 revenue up 14.9% y-o-y, mobile chips drive growth
MediaTek Q1 revenue up 14.9% y-o-y, mobile chips drive growth
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