MediaTek met all financial predictions for 1Q23; inventory clearance remains biggest challenge

Jay Liu, Taipei; Jack Wu, DIGITIMES Asia Friday 28 April 2023 0

Credit: DIGITIMES

Taiwanese IC design house leader MediaTek announced its complete financial results for 1Q23. Revenue reached NT$95.652 billion (US$3.11 billion), an 11.6% quarterly decrease and a 33% annual decrease. Gross margin was 48%, down 0.3 percentage points...

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