MediaTek announces attaining of sales goal for the first quarter
MediaTek Inc. ( ), one of Taiwan’s leading integrated circuit designers, reported Thursday that it had attained its sales target for the first quarter of the year, largely on the back of a sharp increase in its March revenues.
The company reported firstquarter consolidated sales of NT$47.54 (US$1.53 billion) billion, well within its estimate of NT$45.5 billion to NT$49.9 billion.
The strong first-quarter performance was driven by a 110 percent monthly increase to NT$20.4 billion in consolidated sales for March, MediaTek’s second highest monthly figure ever after the NT$21.60 billion recorded in October 2014.
The March figure also repre- sented a 17.05 percent year-onyear increase.
MediaTek’s strong showing in March can be attributed to a return to the normal number of working days in that month after the Lunar New Year holidays in February, according to market analysts.
In addition, MediaTek’s Chinese clients started in March to build their inventories to meet expected strong demand during the Labor Day holidays in China, which start May 1, analysts said.
Due to the comparatively slower season in the first quarter, however, MediaTek’s consolidated sales in the first three months of the year were down from the NT$55.45 billion recorded in the fourth quarter of 2014.
Consumers line up to buy Taiwan’s famous fried chicken cutlets from a store that recently opened in Bangkok, yesterday. Consumers line up every day to get a taste of delicious Taiwanese fried chicken cutlets, with the store having seemingly carved its own niche in Thailand’s competitive fried chicken cutlet market.