MediaTek, Inc.

Company Background

MediaTek is a leading Taiwanese fabless chipmaker, which provides large-scale integration systems essential for smartphones, flat-screen TVs and other electronic devices. The company's strength is in supplying low-priced chips.

MediaTek was founded in 1997 by Tsai Ming-kai, who was formerly an engineer at Taiwanese chip foundry United Microelectronics. Tsai became chairman and CEO of the company. The chipmaker started as a developer of LSIs for CD-ROMs, and later expanded its business to cellphones and smartphones.

The company distributes reference designs, which include blueprints and recommended parts for the production of smartphones, allowing manufacturers in China and other countries to easily develop smartphones. Therefore, MediaTek is sometimes referred to as "the architect of cheap smartphones."

In February 2014, MediaTek further increased its market share of semiconductors used for flat-screen TVs by acquiring fellow Taiwanese chip maker MStar Semiconductor.

Although MediaTek rapidly boosted its market share of chips for smartphones in China, India and other emerging markets, the chipmaker will be stiffer competition for U.S Qualcomm and Chinese chip producer Spreadtrum Communications. The company is working to create demand for automobiles and wearables.

Business Summary

MediaTek, Inc. engages in the research, development, production, manufacturing, and marketing of multimedia integrated circuits, computer peripherals oriented integrated circuits, and consumer-oriented integrated circuits. The firm also provides design, test runs, maintenance, repair and technological consultation services for software and hardware; import and export trades of products; and sale and delegation of patents and circuit layout rights. The company was founded on May 28, 1997 and is headquartered in Hsinchu, Taiwan.

Financial Highlights

Dec 2022	TWD	USD
Revenue	548,796.03M	18,407.96M
Gross Profit	256,057.19M	8,588.78M
Operating income	126,788.45M	4,252.79M
Income before tax	134,182.90M	4,500.82M
Net income	118,141.10M	3,962.74M
EBITDA	141,768.11M	4,755.24M
Diluted EPS	74.22	2.48
Dividends Per Share	76	2.54
Total Assets	608,399.47M	19,794.68M
Total liabilities	165,341.23M	5,379.48M
Total equity	440,109.29M	14,319.24M
Operating cash flow	144,127.88M	4,834.40M
	Currency in TWD	Currency in USD

Historical Data

TWD | USD

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	238,057.34M	246,221.73M	322,145.98M	493,414.58M	548,796.03M
Gross Profit	84,389.49M	94,866.72M	131,841.00M	221,156.92M	256,057.19M
Operating income	16,203.09M	22,591.44M	43,245.71M	108,082.62M	126,788.45M
Income before tax	23,330.29M	27,099.98M	47,231.63M	125,873.57M	134,182.90M
Net income	20,760.49M	23,032.72M	40,916.80M	111,421.06M	118,141.10M
EBITDA	23,753.28M	30,953.69M	53,120.32M	118,661.31M	141,768.11M
Diluted EPS	13.17	14.57	25.83	70.21	74.22
Dividends Per Share	9	10.50	37	73.00	76
Total Assets	402,836.04M	458,701.79M	533,906.32M	660,876.74M	608,399.47M
Total liabilities	128,510.13M	144,302.25M	158,821.87M	227,228.85M	165,341.23M
Total equity	272,946.22M	312,750.34M	371,833.82M	432,015.29M	440,109.29M
Operating cash flow	19,324.59M	46,608.59M	79,172.29M	49,624.24M	144,127.88M

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	7,894.59M	7,965.06M	10,940.77M	17,664.93M	18,407.96M
Gross Profit	2,798.57M	3,068.85M	4,477.60M	7,917.72M	8,588.78M
Operating income	537.33M	730.81M	1,468.71M	3,869.50M	4,252.79M
Income before tax	773.69M	876.66M	1,604.08M	4,506.45M	4,500.82M
Net income	688.47M	745.08M	1,389.62M	3,989.02M	3,962.74M
EBITDA	787.72M	1,001.32M	1,804.08M	4,248.24M	4,755.24M
Diluted EPS	0.43	0.47	0.87	2.51	2.48
Dividends Per Share	0.29	0.33	1.25	2.61	2.54
Total Assets	13,105.90M	15,301.79M	19,001.57M	23,886.82M	19,794.68M
Total liabilities	4,180.95M	4,813.76M	5,652.42M	8,212.99M	5,379.48M
Total equity	8,880.05M	10,433.01M	13,233.46M	15,614.82M	14,319.24M
Operating cash flow	640.85M	1,507.74M	2,688.86M	1,776.61M	4,834.40M

Valuation Measures

Dec 2022
PER	8.37
ROA	18.61%
ROE	27.09%
Operating margin	23.10%
Profit margin	21.52%

Key executives

Vice Chairman & Chief Executive Officer: Li Hsing Tsai
President & Director: Joe Chen Chen
Chief Financial Officer & Executive Vice President: Ta Wei Ku
Chief Technology Officer & Executive VP: Yue Chun Chou
Chief Information Security Officer: Yi Ching Lee

Shareholders

The Vanguard Group, Inc. (3.0%)
TSAI MING CHIEH /TW/ (2.5%)
LEE CHUI HSING (2.5%)
BlackRock Fund Advisors (2.1%)
Cathay Life Insurance Co., Ltd. (Invt Port) (2.0%)
Yuanta Securities Investment Trust Co., Ltd. (1.8%)
CHO CHIH CHE (1.8%)
Norges Bank Investment Management (1.3%)
FIL Investment Advisors (UK) Ltd. (1.2%)
LIU TING JEN (1.2%)

Contact Details

Website:http://www.mediatek.com
Address: No. 1, Dusing 1st Road, Hsinchu Science Park, Hsinchu, 300 96, Taiwan
Phone: +886.3.5670766

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Competitors

NXP Semiconductors NV
Silicon Laboratories Inc.
Infineon Technologies AG
MaxLinear, Inc.
Marvell Technology, Inc.
Synaptics Incorporated
Broadcom Inc.
Power Integrations, Inc.
Alpha and Omega Semiconductor Limited
Parade Technologies, Ltd.
Global Mixed-Mode Technology, Inc.
QUALCOMM Incorporated
Sitronix Technology Corp.
Himax Technologies, Inc. Sponsored ADR
Excelliance MOS Corp.
Novatek Microelectronics Corp.
Pixelworks, Inc.
Richwave Technology Corporation
Macroblock, Inc.
Ambarella, Inc.
ALi Corporation
CEVA, Inc.
Wuxi ETEK Microelectronics Co., Ltd. Class A
Alcor Micro Corp.
Allwinner Technology Co., Ltd. Class A
Sequans Communications SA Sponsored ADR
Peraso, Inc.
Actions Technology Co., Ltd. Class A
ASE Technology Holding Co., Ltd.
eMemory Technology, Inc.

Last Updated on 5 Jun, 2023