MediaTek revenue down 13.3% in Q112 at NT$19,615 million

Telecom Lead Asia-Pacific: MediaTek, a fabless
semiconductor company for wireless communications and digital multimedia
solutions, has posted revenue of NT$19,615 million for the first-quarter ended
March 31, 2012, down 13.3 percent sequentially and 1.3 percent on a
year-over-year basis.

 

The company said that the Y-o-Y revenue decrease was
mainly due to price competition as well as weak end customer demand in certain
products.

 

The company posted gross profit of NT$8,255 million for
the Q1 2012, down 17.4 percent sequentially, and down 10.1 percent
year-over-year.

 

MediaTek’s gross margin for the quarter was 42.1
percent, or 2.1 percentage points and 4.1 percentage points lower than the
previous quarter and the same period of last year, respectively.

 

Gross margin was down compared to the previous quarter,
which was due to the decline in selling price resulting from competition.

 

Operating expense for the quarter stood at NT$6,308
million, which was accounted for 32.2 percent of revenue, compared with
NT$7,626 million or 33.7 percent of revenue in the previous quarter, and
NT$6,115 million or 30.8 percent of revenue in the same period last year.

 

For Q1, 2012, MediaTek’s R&D expenses were recorded
at NT$4,981 million, against NT$4,915 million in 1Q11. Selling expenses were
NT$587 million and Administration expenses stood at NT$740 million.

 

Operating profit for the quarter was NT$1,947 million,
down 17.8 percent sequentially, and 36.5 percent year-over-year.

 

For Q1 2012, MediaTek’s non-operating income stood at NT$656 million, or
3.3 percent of revenue.

 

Net income was recorded at NT$2,500 million, a decrease
of 14.3 percent from the prior quarter, and 24.5 percent from the year-ago
quarter, respectively.

 

Net inventory was NT$9,853 million at the end of the
quarter and cash flow from operations during the quarter was NT$738 million.

 

During the quarter, MediaTek announced the launch of
“Mobile Theater,” a video and audio compression software solution
designed exclusively for mobile phones.

 

MediaTek to buy Coresonic, to strengthen presence in digital
signal processor technology

 

Recently, MediaTek announced its plans to buy Swedish
company Coresonic, a provider of digital signal processor (DSP)
technology.

 

Coresonic will become another wholly owned subsidiary of
MediaTek in Europe.

 

editor@telecomlead.com

 

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