MediaTek revenues expected to grow 20% in 2Q09

MediaTek, which earlier this month lifted its first-quarter guidance, is expected to enjoy a revenue growth of 20% sequentially in the second quarter of 2009, with total revenues of NT$27-28 billion (US$792.49-821.84 million), according to market watchers.

MediaTek is also estimated to ship 50 million handset chips in the first quarter of 2009 to increase its global market share to 20%, the watchers said.

MediaTek has become more optimistic about its business, as it expects the economic slowdown to send consumers choosing lower-price products, the watchers said, adding the company continues its efforts to lower costs in order to expand its market share, added the sources.