MediaTek soars

MediaTek, the Taiwan wireless chip vendor which is challenging Qualcomm and Broadcom, saw sales soar 18% in July to $309m. Sales have topped $1.5bn for the year so far.
For Q3 the company expects 13-18% growth to around $840m with a gross margin of  41-43%.
The company expects to sell 95m wireless ICs this year mainly because of the demand from China.
MediaTek is about to maerge with its Taiwanese neighbour MStar.