Novatek R&D expenses Reached NT$16.1 Billion in 2021

Novatek Microelectronics Corp. (3034-TW) on Wednesday (May 4) released this year’s sales report, announcing that R&D expenses amounted to NT$16.057 billion in 2021, a record high number after exceeding the NT$10 billion mark for the first time the year before. 

Various companies have invested in the High-Speed Interface Circuits market amid soaring demand for standardized charging specifications and fast data transmission capacity. 

MediaTek Inc. (2454-TW) is recruiting related talents and Novatek is reportedly planning to enter this field to capture business opportunities in the High-Speed Interface Circuits market too. 

Novatek plans to invest in the R&D of critical technologies and promote various products to enter new application areas to create growth momentum and maintain its leading position in technology. 

Last year, Novatek spent NT$16.057 billion on research and development, up 51.9% from NT$10.567 billion in 2020. 

Novatek’s new products last year included cell phone OLED TDDI (driver and touch integrated chip), VR Mini LED backlight driver chip, and notebook Mini LED backlight controller chip. 

Novatek has also launched TCONs and touch panel solutions to capture the share of high-end automotive display panels for the automotive market. 

In addition, Novatek has launched a new generation of TV display interfaces with an ultra-high-speed source driver chip to provide an ultra-precise display of 8K/4K panels in response to the development of ultra-high-definition TV design. 

The SoC has successfully applied TV dynamic compensation technology to develop a cellphone image processing chip with high definition and power-saving features. 

Novatek will integrate key IP and system technologies, extend product applications to expand ASIC business, and integrate driver and touch functions in TCON in the future. 

Novatek is also planning to invest in the development of high-speed interface technology and launch value-added and differentiated products to expand its market share and lay the foundation for future business growth. 

Translated by DB, cnPOST