MediaTek struggles to grow mobile SoC biz
MediaTek is facing barriers in its efforts to expand its mobile SoC business, due to sluggish demand in the mobile phone market and competition from Qualcomm.
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MediaTek is facing barriers in its efforts to expand its mobile SoC business, due to sluggish demand in the mobile phone market and competition from Qualcomm.
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Mobile SoC specialist MediaTek has reported April revenue fell 34% sequentially to NT$28.35 billion (US$924 million). Revenue for the first four months of 2023 totaled about NT$124 billion, down 36.5% from a year earlier.
Apple has turned out to be the only brand handset vendor with positive revenue growth in the first quarter of 2023, mainly driven by rapidly rising market shares for iPhones in emerging countries such as India, Indonesia, and Turkey. This means a major setback for Android-camp players and also indicates that the basic demand for mobile SoCs that can be shared by Qualcomm and MediaTek in these markets is also getting smaller and smaller, according to market observers.