The European Department of Foreign Investment said that MediaTek’s revenue in May re-emerged at the NT$20 billion mark, which was 7% higher than in April. In April, the revenue in May also reached 67% of the second quarter's financial results. According to the report, June revenues will fall within 3% as compared to May, and the financial results will be easily reached. Therefore, it is expected that MediaTek's revenue in the second quarter will have the opportunity to challenge the financial benchmarks, mainly due to the shipment of mobile chips. The obvious growth, the overall shipment growth to see 25% to 30%.
According to the European Department of Foreign Investment, in the third quarter, smart phone chips are still the core of Mediatek’s important performance growth. Its P60 and P20 are expected to further gain OPPO in the second half of the year. Vivo’s smart machine market share is expected to be its third quarter revenue season. Increased to see 16%.
MediaTek has introduced AI capabilities in its P-series smartphone chips to handle scene detection, face recognition, smart albums, power management, and app usage habits. It is believed that the low-end smartphone chip's artificial intelligence will spread in the market. Continuing to promote MediaTek's smartphone chip market share in the second half of the year and 2019 will also drive average selling price and profit margins. It reiterates its buying rating with a target price of NT$520.
In addition, the European Department of Foreign Investment is also optimistic about MediaTek's rich product experience. Its network processors, WiFi chips and power management ICs will continue to increase market share in the second half of the year to next year.