Taiwan-based MediaTek Inc. announced that it will pay each of its employees and the employees of its subsidiaries an additional NT$100,000 as its revenue hit US$10 billion last year.
About 17,000 full-time employees of MediaTek and five of its subsidiaries, including Richtek Technology Corp and Airoha Technology Corp, would receive a “red envelope” of NT$100,000 each, Mediatek said.
This is the biggest incentive bonus the Hsinchu-based handset chip designer has ever distributed in its 23-year history.
"Surpassing US$10 billion is just the beginning. We will continue to [grow] on this basis," MediaTek said in a statement.
LG Electronics Co and Chinese smartphone vendors, including Realme Mobile Telecommunications (Shenzhen) Co, Xiaomi Corp, Vivo Communication Technology Co and Oppo Mobile Telecommunications Corp use MediaTek’s 5G Dimensity chips.
Mediatek is one of the leading integrated circuit designers in the world.
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