MediaTek hikes 4G smartphone solution shipment target for 2014
MediaTek has raised shipment targets for its 4G smartphone solutions for 2014 to 30 million units, from 15 million set previously, according to company president Hsieh Ching-chiang.
MediaTek will begin to ramp up production of its 4G chips, the MT6752 and MT-6732, in October and also start shipping its 64-bit 8-core chip, the MT6795, in December, Hsieh said.
MediaTek also plans to launch next-generation entry-level 4G solutions in early 2015, Hsieh added.
MediaTek"s revenues are expected to grow 5-13% in the third quarter as shipments of its complete line of chipset solutions in the quarter will be higher than those shipped in the previous quarter, Hsieh said.
Meanwhile, MediaTek also reported net profits of NT$12.55 billion (US$418.78 million) for the second quarter, up 23.8% sequentially and 86.9% on year. The earnings translated into an EPS of NT$8.03 for the quarter. Second-quarter gross margin arrived at 49.6%, up 1.3pp on quarter and 6.4pp on year.
For the first half of 2014, net profits totaled NT$22.69 billion or NT$14.85 per share.