Due to better than expected demand for the recently released mobile chips Helio P23 and P30, MediaTek will be able to reach the upper range of the forecast for revenue in the third quarter of 2017, reports DigiTimes referring to market analysts.

According to the chip maker himself, in July-September, his sales revenue will vary from 59.2 billion to 63.9 billion Taiwan dollars (1.96-2.1 billion US dollars), which is 2-10% more compared to with the indicator of the previous quarter. In August, MediaTek reported the best revenue for the past 9 months - the company's monthly turnover reached 22.5 billion Taiwan dollars (743 million US dollars).

MediaTek recently began selling the Helio P23 and P30 processors, manufactured using 16-nm process technology and designed for mid-range smartphones. In 2018, the company plans to release two more chips within the Helio P series, the co-director of the company Rick Tsai (Rick Tsai) said in July,.

According to industry sources, we are talking about SoCs-solutions Helio P40 and P70, which will be produced by 12-nanometer technology and will go on sale during the first quarter of 2018.

MediaTek focused on the family of chips Helio P, which are equipped with less expensive devices, in the hope of using them to strengthen their weakened market positions. Also, the Taiwan chip maker pays special attention to the chips for IoT devices and automotive electronics.