MediaTek Inc. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was TWD 131,813 million compared to TWD 110,098 million a year ago. Net income was TWD 25,346 million compared to TWD 18,478 million a year ago. Basic earnings per share from continuing operations was TWD 15.94 compared to TWD 11.64 a year ago.
For the nine months, sales was TWD 392,543 million compared to TWD 303,884 million a year ago. Net income was TWD 82,597 million compared to TWD 51,316 million a year ago. Basic earnings per share from continuing operations was TWD 51.98 compared to TWD 32.35 a year ago.
MediaTek Inc is a Taiwan-based company principally engaged in the research, development, manufacture and distribution of multimedia integrated circuit (IC) chipsets. The main products including mobile communication chipsets, tablet computer chips, bluetooth chips, wireless local area network (WLAN) chips, global positioning system (GPS) chips, optical storage chipsets, artificial intelligence Internet of Things device single chips, automotive electronic chipsets and others. The Company is also involved in the provision of related design, testing, maintenance and technological consultancy services. The Company's products are mainly used in mobile phones, digital TVs, personal computer systems, digital home appliances, wearable devices and Internet of Things products. The Company mainly distributes its products in domestic and overseas markets.
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