The Taiwan-based chipmaker of SoC mobile chipsets saw its consolidated revenue for Q4 drop 12.4 percent over the previous quarter, down to NT$68.68 million ($2.29 million), yet increasing 11.3 percent year-over year. Meanwhile, consolidated gross margins dropped just 0.7 percent from the previous quarter to 34.5 percent. The company says that its year-on-year growth is mainly attributed to increasing shipments in consumer electronics products featuring its chipsets.
The company managed to post a gross profit of NT$23.72 million ($755,425) in Q4, down 14.1 percent sequentially and 0.3 percent year-over-year. The company’s overall revenue for Q4 was still an 11.3 percent increase year-over-year, yet a larger picture of the entire year shows operating profits at NT$23.08 billion ($735.2 million), down 10.9 percent over 2015.
The company says that its year-over-year decreases in gross profit and gross margin have mainly been attributed to rising smartphone market competition with Samsung and Qualcomm, both of which have begun manufacturing 10nm mobile chips including the Exynos 8895 and Snapdragon 835 to go up against MediaTek’s Helio X30 and X35 later next month.
The company’s full Q4 financial report can be found here.