Recently, MediaTek released its financial report for the first half of 2024 and the second quarter, which shows that MediaTek achieved significant revenue growth in the first half of the year, and at the same time achieved a historic breakthrough in the share of the global 5G chip market, surpassing Qualcomm to become the world's first.
According to the financial report released by MediaTek, in the second quarter of 2024, the company's consolidated revenue reached NT$127.27 billion (about 28.4 billion yuan), although it decreased slightly from the previous quarter, but increased by 29.7% year-on-year. This strong performance not only exceeded market expectations, but also further strengthened MediaTek's leading position in the global semiconductor industry. In the first half of the year, MediaTek's cumulative revenue reached NT$260.73 billion, a surge of 34.5% over the same period last year, showing its strong momentum of continuous growth.
It is particularly noteworthy that MediaTek's performance in the 5G chip market is particularly prominent. According to the latest report from market research firm Omdia, in the first quarter of 2024, MediaTek's share of the global 5G smartphone processor market reached 29.2%, an increase of 6.4 percentage points from the same period last year. This share not only far exceeds that of rival Qualcomm (26.5%), but also makes MediaTek successfully top the global 5G smartphone processor market. This achievement marks that MediaTek's innovative strength and market strategy in the field of 5G chips have been widely recognized by the market.
Figure: MediaTek's revenue soared by 34.5% in the first half of the year, and the proportion of 5G chips became the first in the world (Source: CnBeta)
The reason why MediaTek has been able to achieve such impressive results in the 5G chip market is mainly due to its precise layout in market positioning, technological innovation and product optimization. First of all, MediaTek dominates the 5G smartphone market in the sub-$250 range. The significant increase in shipments in this market range provides MediaTek with a broad market space. With its cost-effective products, MediaTek has managed to attract a large number of consumers in the low-to-mid-end market, thereby driving its rapid growth in market share.
Secondly, MediaTek continues to make breakthroughs in technological innovation and product optimization. The company is committed to improving the performance and power consumption ratio of 5G chips to meet the needs of different consumers. Through continuous technological innovation and product iteration, MediaTek has successfully created a series of competitive 5G chip products, which have won wide acclaim in the market.
In addition, the rapid popularization of global 5G networks and the continuous growth of consumer demand for 5G smartphones also provide a good market environment for MediaTek. With its keen market insight and strong R&D strength, MediaTek has successfully seized this market opportunity and achieved dual growth in revenue and market share.
Looking ahead, MediaTek's leading position in the 5G chip market is expected to be further consolidated. With the continuous construction of global 5G networks and the continuous increase in consumer demand for 5G smartphones, MediaTek is expected to further expand its market share through continuous technological innovation and product optimization. At the same time, MediaTek will continue to strengthen cooperation with major mobile phone manufacturers around the world to jointly promote the prosperity and development of the 5G smartphone market.
