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 issuesComponentsMediaTekMWC

Featured

Slideshows

Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Show Comments