MediaTek expects up to 20% revenue decrease in 1Q18

MediaTek has forecast revenues for the first quarter of 2018 will decline up to 20% sequentially, as smartphone demand in China continues to disappoint. A seasonal slowdown in IoT chip demand is another cause dragging down the Taiwan-based IC design house’s revenues during the quarter.

http://www.digitimes.com/news/a20180131PD213.html

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