Dialog Semiconductor has seen chip sales jump by 70% in the first quarter of the year.
Sales were also up 21% on the previous quarter.
Operating profit was $6.6m on first quarter sales of $61.1m.
“I am very pleased to report a strong start to 2010, with revenue, gross margin, cash generation and earnings performance greatly exceeding the levels and growth rates we achieved in the corresponding quarter of the prior year,” said Dialog chief executive, Dr Jalal Bagherli.
German mixed-signal chip supplier, announced during the quarter a number of important design wins with smartphone and cellphone manufacturers including a win with LG for a power management and audio device which has been designed into the company’s GW880 smartphone, to be offered by China Mobile to its customers.
Its power management and audio chips are designed into a series of Sharp 3G cellphones: the first of which, the Sharp AQUOS SHOT 940SH, is now available from the Japanese network operator, Softbank.
See: Dialog buys power management IP from Diodes Zetex
The supplier also benefited from $3.5m sales of last time buy products within the automotive and industrial markets.
“These products were sold as a result of last year’s notification of the phasing out of an older manufacturing process from one of our foundry partners,” said the company.
The company expects a continuation of sales growth in Q2 which it estimates could be in the range of $64m to $69m.