IC design house Novatek Microelectronics has reported revenues of NT$3.08 billion (US$102.09 million) for November, up 18% sequentially and 30.8% on year. Sales were buoyed by a pick-up in demand for large-size LCD panels.
For the first 11 months of 2010, revenues amounted to NT$33.24 billion, increasing 35.2% from a year earlier.
Due to strong sales in November, industry watchers expect Novatek to see its fourth-quarter revenues to decline by a single-digit rate sequentially compared to the company's previous forecast of an over 10-15% sequential drop.
Article translated by Steve Shen
