TAIPEI, TAIWAN — MediaTek Inc., one of Taiwan's leading integrated circuit designers, said Tuesday that it has raised its sales forecast for the first quarter after completing a merger with smaller rival MStar Semiconductor Inc.
MediaTek said it has upgraded its sales guidance for the January-March period to NT$41.4 billion-NT$44.6 billion from an earlier estimate of NT$35.0 billion-NT$39.0 billion.
At an investor conference held in late January, MediaTek anticipated its sales for the first quarter would fall 2-10 percent from a quarter earlier due to slow season effects.
MediaTek completed a tender offer to acquire a 48-percent stake in MStar in August 2012 and then kicked off another stage of consolidation to fully bring MStar under its corporate umbrella.
