MediaTek's revenue will drop 25% in 2023

In 2023, MediaTek's revenue reached US$13.888 billion, a year-on-year decrease of 25%. This decline was mainly affected by the decline in smartphones, power management ICs and Smart Edge businesses. However, MediaTek expects to resume double-digit positive growth in 2024, as the Dimensity 9300 launched by MediaTek has been adopted by many Chinese customers and high-end smartphone shipments are expected to grow.