The Company expects Q4 revenue to be between 20.9 billion yuan and 22.7 billion yuan, up 38%-50% YoY

In the fourth quarter of 2020, Semiconductor Company Unit expects revenue to be between NT$89.5 billion (RMB20.9 billion) and NT$97.3 billion (RMB22.7 billion), up 38-50% year-on-year and flat or down up to 8% month-on-month.

The Company expects Q4 revenue to be between 20.9 billion yuan and 22.7 billion yuan, up 38%-50% YoY

This followed mediate’s financial report for the third quarter of 2020 at the end of October. The report showed that the company achieved revenue of NT$97.275 billion (RMB22,782 million) in the third quarter, up 44.7% YoY, and a net profit of NT$13.367 billion (RMB3. 130 million yuan), up 93.7% YoY, up 82.8% YoY, and earnings per share were NT$8.42, up from NT$4.58 in the previous quarter and NT$4.38 in the same period last year.

In addition, the company’s operating gross profit for the third quarter was NT$43 billion, up 46.3% YoY, up 52.1% YoY, and gross margin was 44.2%, up 0.7 percentage points YoY, up 2.1 percentage points YoY. The company’s gross margin for the quarter increased from the previous quarter and the same period last year, mainly due to a favourable product portfolio.

In the first three quarters of 2020, The company’s net income was NT$26.48 billion, up 57.4% YoY, and earnings per share reached NT$16.65, up from NT$14.69 for the whole of 2019.

The company’s chief executive, Tsai Li-hsing, said the company was confident that sales of its 5G and Wi-Fi 6 chip solutions, power management integrated circuits, Internet of Things and TV-related SoC chips would be available next year. In particular, As 5G smartphones grow 100% globally next year, Concord’s 5G SoC shipments will rise sharply.

MediaTek is a waferless semiconductor company focused on wireless communications and digital multimedia technology. The company offers chip integration system solutions that include wireless communications, high-definition digital televisions, optical storage and other related products.

In addition to producing wireless chips, the company also produces processors. The company’s chips are popular among smartphones and low-cost tablets in China and are also used in cheap Chromebooks.