Hideaki Ryugen / Nikkei Asia:
MediaTek reports Q4 revenue up 19.7% YoY to $4.1B and net profit up 38.9% YoY to $820M, posting its first YoY increases in revenue and profit in five quarters — CEO says generative AI is creating a bigger market for high-end phones — MediaTek designs chips for smartphone manufacturers such as China’s Xiaomi and Oppo.
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