Menu
MediaTek eyes new markets with $300 million startup fund

MediaTek eyes new markets with $300 million startup fund

MediaTek Ventures will invest in hardware, chips, services and IoT startups

MediaTek Ventures logo

MediaTek Ventures logo

MediaTek, the Taiwanese chip maker that has helped create the market for low cost smartphones and tablets, is setting up a $300 million venture fund to expand in new areas.

MediaTek Ventures will invest in startups in Asia, North America and Europe, with a focus on areas like the Internet of Things, Internet infrastructure and online services, the company announced Monday.

Along with China's Rockchip, MediaTek produces a lot of the processors that go into the cheap smartphones and tablets that are being adopted quickly in developing markets like India and China. By investing in startups, it hopes to expand more quickly in emerging areas like wearables.

It's following in the footsteps of Intel and Qualcomm, which have their own investment arms and are trying to win more business in China and other developing countries.

Just last month, Qualcomm created a $150 million fund to invest in mobile and chip technologies in China. Qualcomm established the fund as part of a settlement with the Chinese government, which fined it $975 million [M] for abusing its market dominance in China.

Intel Capital, meanwhile, has invested more than $700 million [M] in 120 Chinese companies since 1998.

MediaTek's announcement was made at the Mobile World Congress trade show in Barcelona, where the company is announcing new chips and wireless technologies. It said it will talk more about its investment plans in the second half the year.

Agam Shah covers PCs, tablets, servers, chips and semiconductors for IDG News Service. Follow Agam on Twitter at @agamsh. Agam's e-mail address is agam_shah@idg.com


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags business issuesMWCMediaTekComponents

Featured

Slideshows

HP channel recognised at 2017 Partner Awards

HP channel recognised at 2017 Partner Awards

The HP Partner Awards 2017 at Shed 10 kicked off with an AMD-sponsored hackers lounge, a mysterious gaming style area filled with dry ice and red lasers, the waiters wearing Mr Robot style masks.

HP channel recognised at 2017 Partner Awards
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
HP re-imagines education through Auckland event launch

HP re-imagines education through Auckland event launch

HP New Zealand held an inaugural Evolve Education event at Aotea Centre in Auckland, welcoming over 70 principals, teachers and education experts to explore ways of shaping and enhancing learning using technology.

HP re-imagines education through Auckland event launch
Show Comments