Mediatek traded at 3,370.00 this Friday July 17th, decreasing 330.00 or 8.92 percent since the previous trading session. Looking back, over the last four weeks, Mediatek lost 23.23 percent. Over the last 12 months, its price rose by 139.01 percent. Looking ahead, we forecast Mediatek to be priced at 3,236.55 by the end of this quarter and at 2,867.07 in one year, according to Trading Economics global macro models projections and analysts expectations.
MediaTek Inc is principally engaged in the research, development, manufacture and distribution of multimedia integrated circuit (IC) chipsets. The Company’s principal products include mobile communication chipsets, tablet computer chips, bluetooth chips, wireless local area network (WLAN) chips, global positioning system (GPS) chips, optical storage chipsets, digital versatile disk (DVD) player single chips, high integrated digital television control chips, artificial intelligence Internet of Things device single chips, automotive electronic chipsets and others. The Company is also involved in the provision of related design, testing, maintenance and technological consultancy services. The Company's products are mainly used in mobile phones, digital TVs, personal computer systems, digital home appliances, wearable devices and Internet of Things products. It mainly distributes its products in domestic and overseas markets.