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Contact Information Spokesperson: Name: Mingto Yu Title: Vice President, CFO and Spokesperson TEL: +886-(0)3-567-0766 Email: [email protected] Deputy Spokesperson: Name: Sophia Liang Title: Senior Department Manager, Finance Division TEL: +886-(0)3-567-0766 Email: [email protected] MediaTek Inc. Headquarters: Address: No. 1, Dusing Rd. 1, Hsinchu Science Park, Hsinchu, Taiwan, R.O.C., 300 TEL: +886-(0)3-567-0766 Fax: +886-(0)3-578-7610 MediaTek Inc. Taipei Office: Address: 5F, No. 22, Lane 35, Jihu Rd., Neihu District, Taipei, Taiwan, R.O.C. 114 TEL: +886-(0)2-2659-8088 Transfer Agent: Company: Chinatrust Commercial Bank, Transfer Agency Department Address: 6F, No. 83, Chungching S. Rd., Sec. 1, Taipei, Taiwan, R.O.C. TEL: +886-(0)2-2361-3033 Website: www.chinatrust.com.tw Independent Auditor: Company: Ernst & Young Auditors: Shao-Pin Kuo, Hsin-Min Hsu Address: 9F, No.333, Keelung Rd., Sec. 1, Taipei, Taiwan, R.O.C. TEL: +886-(0)2-2720-4000 Website: www.ey.com MediaTek Inc. Website: Website: www.mediatek.com MediaTek Inc. | 2008 Annual Report 1 2008 MediaTek Annual Report Table of Contents 1. Letter to Shareholders .............................................................................. 4 2. Company Profile ........................................................................................ 6 2.1. MediaTek Company Profile .................................................................................... 6 2.2. Milestones .......................................................................................................... 6 3. Corporate Governance .............................................................................. 8 3.1. Organization ....................................................................................................... 8 3.2. Directors and Supervisors ..................................................................................... 9 3.3. Management Team ............................................................................................ 12 3.4. Corporate Governance Report ............................................................................. 15 3.5. Information Regarding MediaTek’s Independent Auditors ...................................... 20 3.6. Net Changes in Shareholding .............................................................................. 21 3.7. Top 10 Shareholders Who are Related Parties to Each Other ................................. 22 3.8. Long-Term Investment Ownership ....................................................................... 22 4. Capital and Shares .................................................................................. 23 4.1. Capital and Shares ............................................................................................. 23 4.2. Status of Corporate Bonds .................................................................................. 27 4.3. Status of Preferred Stocks .................................................................................. 27 4.4. Status of GDR/ADR ............................................................................................ 27 4.5. Status of Employee Stock Option Plan ................................................................. 28 4.6. Status of New Shares Issuance in Connection with Mergers and Acquisitions .......... 28 4.7. Financing Plans and Implementation ................................................................... 28 5. Business Activities .................................................................................. 29 5.1. Business Scope ................................................................................................. 29 5.2. Market, Production, and Sales Outlook ................................................................ 34 5.3. Employees ........................................................................................................ 41 5.4. Important Contracts........................................................................................... 42 6. Corporate Social Responsibility .............................................................. 43 6.1. Corporate Promise ............................................................................................. 43 6.2. Social Participation ............................................................................................ 47 6.3. Environmental Efforts......................................................................................... 53 MediaTek Inc. | 2008 Annual Report 2 7. Financial Status, Operating Results and Status of Risk Management ... 55 7.1. Financial Status ................................................................................................. 55 7.2. Operating Results .............................................................................................. 57 7.3. Evaluation on Assets and Liabilities ..................................................................... 59 7.4. Financial Assets Impairment Loss Analysis ........................................................... 59 7.5. Cash Flow Analysis ............................................................................................ 60 7.6. Major Capital Expenditure .................................................................................. 61 7.7. Investment Policies ............................................................................................ 61 7.8. Risk Management .............................................................................................. 62 7.9. Other Material Events ........................................................................................ 65 8. Other Special Notes ................................................................................ 66 8.1. MediaTek Affiliates ............................................................................................. 66 8.2. Private Placement Securities ............................................................................... 71 8.3. Holding or Disposition of MediaTek Stocks by Subsidiaries ..................................... 71 8.4. Other Significant Events ..................................................................................... 71 8.5. Other Necessary Supplement .............................................................................. 71 9. Financial Information ............................................................................. 72 9.1. Condensed Balance Sheet .................................................................................. 72 9.2. Condensed Income Statement ............................................................................ 74 9.3. Independent Auditors’ Opinions .......................................................................... 75 9.4. Financial Statements for the Past 5 Years ............................................................ 75 9.5. Supervisors’ Review Report ................................................................................ 78 9.6. Financial Statements and Independent Auditors’ Report – Parent Company ............ 79 9.7. Financial Statements and Independent Auditors’ Report – MediaTek & Subsidiaries 123 9.8. Financial Difficulties ......................................................................................... 180 MediaTek Inc. | 2008 Annual Report 3 1. Letter to Shareholders Dear Shareholders, In 2008, despite the unprecedented global recession, we have achieved key business objectives thanks to our diligent staff and our supportive customers. In fiscal year 2008, we posted a 13% growth rate, our 11th consecutive year of top-line growth. We posted revenue of NT$90.4 billion and earnings of NT$19.2 billion, or NT$18.01 per share, which provided the highest return on equity, placing MediaTek at the top of the semiconductors industry in Taiwan. Building on top of the worldwide leadership in optical storage IC, DVD player IC, and digital TV chips, we have also become a market leader in the mobile handset solutions business. Handsets with MediaTek ICs inside were sold in more than a hundred countries and we are ranked one of the top four handset chip suppliers in the world. Furthermore, we are rapidly closing the gap between ourselves and foreign competitors. We made a few overseas acquisitions last year and have successfully completed the integration phase. These acquisitions will significantly improve our global position, technological innovation, and customer relationships. Throughout the year, we have received a number of acclaims recognizing our corporate management and technological innovation. Most notably, we received “The Best Financially Managed Semiconductor Company Award” from Global Semiconductor Association (GSA) for the third consecutive year. Moreover, we were the only domestic company to publish its research papers in the International Solid State Circuits Conference (ISSCC) for six consecutive years. To date, our research papers have been published in the ISSCC a total of 11 times. Finally, we were recognized for our continued focus on corporate social responsibility by both CommonWealth Magazine and Global View Monthly. They acknowledged our efforts in technology and rural education through the “Corporate Social Responsibility Award”. Looking forward, leading economists predict that it will take several quarters, even years, before we see full economic recovery. The semiconductor industry is facing a challenging year in the face of weakened demand for consumer electronics. However, we firmly believe that companies