IC design house MediaTek has reported record consolidated revenues of NT$23.02 billion (US$710.9 million) for April 2016.

A pick-up in smartphone demand drove MediaTek's April revenues, which represented increases of 7.9% sequentially and 52.3% on year.

MediaTek's cumulative 2016 revenues through April increased about 26% from a year earlier to NT$78.93 billion.

MediaTek expects revenues to grow 24-32% sequentially to between NT$69.3 billion and NT$73.8 billion in the second quarter of 2016, when shipments of its smartphone- and tablet-use chips are set to reach a combined 135-145 million units. Nevertheless, gross margin will fall further to 33.5-36.5% in the second quarter, the company said at a recent investors meeting.

MediaTek's share price on the Taiwan Stock Exchange (TSE) closed at NT$199.50 on May 9, up NT$7.50 or 3.9%.