MediaTek Analyst Day 2024: MediaTek's Diversification Is On Track [Forbes]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: Forbes
Last week in sunny Scottsdale, Arizona MediaTek held its 2024 MediaTek Analyst Day, where the company provided deeper insights into its strategy and business plans. As usual, the event closely followed , which saw significant improvements in revenue, gross margin and operating margins. Much of the day was spent looking into MediaTek's growing momentum and its vision of the new markets it wants to expand further into. Let's dig into the different segments that MediaTek covered throughout the day. Mobile MediaTek marketing chief Finbarr Moynihan delivered the update for platforms and mobile, which is still MediaTek's core business but also its most cyclical—tied to the ups and downs of the mobile industry. For the full year 2023, 52% of MediaTek's business came from chips for mobile phones, while 41% was in what it calls Smart Edge Platforms, and the remaining 7% came from its Power IC business. MediaTek's flagship Dimensity 9000 series revenue was up 70% year-over-year to more than
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