MediaTek 4QCY20: Revenue up 49% y/y. 2020 total revenue up 31%. Gross margins continue to climb.
Demand continues to be strong in smartphones, WiFi routers, Chromebooks, PMIC, streaming devices, DTV, AIoT etc. MTK thinks its growth trajectory will continue.
Mobile computing revenue up >80% y/y, driven by 4G and 5G share gains.
MTK thinks Chromebook units will be up 60% y/y in 2021. Not surprised given the on-going pandemic-driven trends.
Q1 2021 guidance is very strong - >58-71% growth in revenue.
For MTK, ~40% of 5G growth will come from non-China. About the same in the early 4G era.
MTK thinks its 5G revenue will overtake 4G revenue in Q1 2021 for the first time. We foresaw this in our recent baseband research. https://www.strategyanalytics.com/access-services/components/handset-components/market-data/report-detail/baseband-market-share-tracker-q3-2020-5g-drives-all-time-high-revenue
At least 15 percent y/y revenue growth likely in 2021 and 2022.
4G shipments and ASPs will flattish to down in 2021. Not surprised. In-line with our research.
You can follow @SKundojjala.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:
Those who think consciousness raising & movement building are disconnected, or even a distraction from electoral politics have not paid attention to the history of social change.In this thread, we
Read more
The 2020s will be known as the Remote Work decadeA few predictions of what is likely to emerge[ a thread ] Third Space: Office and Working from Home will
Read more
1/29: Have you ever had a concept explained to you that helps frame complex issues you’ve been wrestling with and opens your eyes to new possibilities? A concept that I
Read more
By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.