MediaTek, one of the most important chip manufacturers in the world, just reports record-breaking revenue for May 2021.
The Taiwanese chipmaker saw sales growth of 90% year over year. MediaTek’s sales rose to $1.5 billion in May, according to a DigiTimes report.
This is 13% growth from last month and total revenue for the first 5 months of 2021 reached $6.7 billion. This is another significant growth of 80% compared to the previous year.
Also Read: Google launches the first Folding Pixel phone with Samsung display by the end of this year
The chipmaker also announced that it is on track to meet its revenue growth target for the second quarter of 2021, which is over 10% year over year.
The company says it is ready to meet its full-year revenue growth and gross margin expectations. MediaTek also announced that it is working closely with its backend partners to reduce the impact of COVID-19 on the company’s business.
Previously, the company had forecast that its sales would grow 40% this year and that its gross profit margin would be between 44 and 46.
That news comes after King Yuan Electronics (KYEC) ‘s two-day factory shutdown, which resulted in a 30-35% loss in MediaTek’s June release.
Also Read: Apple’s WWDC 2021 announces big iOS, iPadOS, and macOS updates, release date, and features
