MediaTek is expected to report revenue growth of about 10% sequentially for the third quarter of 2016 buoyed by strong demand for its mid- and high-end mobile chips, according to a recent Chinese-language Economic Daily News (EDN) report.

MediaTek has issued a company filing with the Taiwan Stock Exchange (TSE) saying it was not the source of the report.

The supply of MediaTek's Helio P10 (dubbed MT6755) chips will remain tight through September, due to strong demand from the company's China-based customers such as Oppo, the report quoted industry sources as saying. Meanwhile, brisk demand for 3G smartphones and feature phones will also buoy sales at MediaTek during the third quarter.

MediaTek saw its June revenues hit a monthly record for the third consecutive month. The company's revenues for the second quarter of 2016 reached NT$72.53 billion, rising 29.7% on quarter.