DEMAND PICKUP:
The mobile chip supplier expects business to improve from the second quarter following China’s reopening and a stabilizing world economy
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By Lisa Wang / Staff reporter
MediaTek Inc (聯發科), the world’s biggest supplier of 5G smartphone chips, yesterday reported its worst quarterly net income in about two years, due to customer inventory digestion and lackluster consumer spending in China.
Net income plummeted 40.4 percent sequentially and 38.6 percent annually to NT$18.51 billion (US$622.8 million) in the final quarter of last year, the Hsinchu-based chipmaker said. Last…
