On January 10, MediaTek announced its results for December 2023, with consolidated revenue for the month reaching NT$436800 million yuan, an increase of 14%, a year-on-year increase of 129%, a new record in nearly 15 months. In total, fourth-quarter consolidated revenue was NT$1,2956.2 billion yuan, an increase of 176%, a year-on-year increase of 197%。Cumulatively, consolidated revenue for 2023 is NT$4,3344.6 billion yuan (about 99.7 billion yuan.)800 million yuan), a year-on-year increase of **21%.
According to MediaTek's previous estimates, based on the assumption of an exchange rate of NT$32 per USD1, revenue in the fourth quarter will be between NT$120 billion and NT$126.6 billion. Judging by the latest data, the actual performance was better than expected. At present, MediaTek's net profit attributable to the parent company in the first three quarters of 2023 is NT$5131.6 billion yuan, down 485%, EPS per share is NT$3235 yuan.
According to the latest research report of Counterpoint Research, a market research and research agency, the global smartphone processor (AP) market share in the third quarter of 2023, in terms of shipments, MediaTek has a market share of 33%, an increase of 3 percentage points compared with the second quarter, and remains the market leader. The reason why MediaTek is on the leading shipment list is that MediaTek's shipments have increased in the third quarter of 2023 as inventory levels have declined, and the launch of low-end smartphones has increased shipments of the Dimensity 7000 series. In addition, the launch of the MediaTek Dimensity 9300, which introduces generative AI capabilities, also boosted overall shipments.
MediaTek Vice Chairman Cai Lixing has publicly pointed out that 2023 is a very hard year for the semiconductor industry, and MediaTek's business is facing challenges, but investors have confidence in the management team to cope with the economic downturn, and look positively at MediaTek's cooperation with Nvidia (NVIDIA) smart cockpit, so that MediaTek's stock price will quickly recover.
Looking forward to 2024, Cai Lixing said that the prosperity in 2024 is expected to be better than in 2023, but to what extent. It is difficult to estimate the growth potential of generative AI, and MediaTek will make every effort to drive the widespread application of generative AI, which is also the main growth driver of MediaTek in the future.
Editor: Xinzhixun-Lin Zi.