MediaTek to invest $200 mn in India

Global fabless semiconductor company MediaTek Inc  is planning to invest $200 mn in India in the next few years.

With this new investment, MediaTek is set to boost its R&D capability in India to enhance its technology competitiveness, a statement said.

The primary focus for MediaTek in India has been the mobile communications segment so far, and the chip provider caters to almost all leading Indian handset manufacturers.

With an objective of enhancing global customer profile, including India, MediaTek is actively looking at diversifying its operations in the country by enhancing connectivity and home entertainment segments.

The company has launched a new Research & Development (R&D) facility at Bengaluru.

The R&D center will develop innovative solutions for wireless communications and establish MediaTek’s presence in other core segments like connectivity and home entertainment devices, it said.

Grant Kuo, managing director, MediaTek India, said, “MediaTek Bangalore R&D center would cater to the growing needs of millions of consumers in emerging super-mid market, especially in the South-East Asian region. MediaTek is one of the few companies that provides a whole spectrum of technologies, and with the launch of Bengaluru center, we are looking to expand into our other set of technology segments in India, besides mobile communications.”

Akshay Aggarwal, general manager, MediaTek Bangalore, said “We are delighted to be a part of the growing technology ecosystem in Bengaluru. By year-end, we plan to build a workforce of over 100 professionals with strong expertise in the IC design industry, and over the next few years, we look to grow to over 500 in number. The Bengaluru center for excellence will develop exciting new products and applications, enabling India to harness growth opportunities in emerging technologies such as LTE.”

The already operational facility is spread across approximately 70,000 sq ft and has been strategically established in the bustling Tech Park, along the Outer Ring Road in Bengaluru.

MediaTek currently has a R&D facility in Noida (NCR Region).