MediaTek Boosted by Demand from China

MediaTek’s sales in March more than doubled sequentially to NT$20.4 billion ($654.3 million), 3.3% higher than March 2014, thanks to strong demand from its clients in China. Last month’s result brought sales for the first quarter to NT$47.5 billion ($1.5 billion) which was better than expected, though 14.3% down on Q4. The company’s president, Ching-Jiang Hsieh, said in February that Q1 would be MediaTek’s weakest period this year as major clients were scaling back smartphone chip orders on inventory correction.