Fabless IC firm MediaTek has announced consolidated revenues of NT$5.16 billion (US$174 million) for January 2012, down 30.9% on month and 31.5% on year. The figure also hit the lowest monthly level since February 2011.

MediaTek president Hsieh Ching-chiang said at the company's recent investors meeting that first-quarter sales would be affected by slow demand for feature phones as well as fewer working days and seasonality. However, Hsieh expressed optimism about the company's smartphone-chip shipments during the first quarter.

MediaTek has guided consolidated sales would be between NT$19.2 billion and NT$20.4 billion in the first quarter, down 10-15% on quarter.