TAIPEI: Taiwan chip designer MediaTek Inc stated that its provide for subsequent yr is essentially in hand, amid a worldwide chip scarcity that has disrupted manufacturing for automotive makers and client electronics suppliers.
“When it comes to provide challenges, I believe MediaTek has executed fairly properly on this entrance,” MediaTek Vice Chairman and Chief Govt Rick Tsai advised a information convention. “Now we have already practically ready our provide for subsequent yr.”
Tech powerhouse Taiwan, dwelling to the world’s largest contract chip maker Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) (TSMC), has turn out to be entrance and centre of efforts to resolve the chip scarcity.
It’s essential to be “a dependable associate that lets prospects really feel comfy,” Tsai stated. “Irrespective of how good the know-how is, it is ineffective if you cannot really get the wafers.”
MediaTek President Joe Chen stated that going through excessive ranges of uncertainty, the corporate should “construct a detailed relationship with our strategic companions.”
MediaTek hit $10 billion in income for the primary time final yr, and the Hsinchu, Taiwan-based firm expects to achieve $17 billion this yr. Tsai advised reporters that $20 billion is “across the nook.”