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MediaTek expects headwinds in China mobile market in 2018

World's No. 2 phone chipmaker only sees global growth in handsets below $400

MediaTek's co-Chief Executive Rick Tsai will become the sole CEO beginning in February. (Photo by Cheng Ting-fang)

TAIPEI -- Taiwan's MediaTek, the world's No. 2 mobile chipmaker after U.S. rival Qualcomm, on Wednesday said its revenue for the current quarter ending March is expected to drop up to 20% amid a sluggish smartphone market in China. 

"We have seen that Chinese customers were more conservative in placing orders in the last quarter and in the current quarter, as the country's domestic market slows down substantially," Rick Tsai, MediaTek's co-chief executive, said in an earnings call.

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