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

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags business issuesMWCMediaTekComponents

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Agam Shah

IDG News Service
Show Comments

Most Popular Reviews

Latest News Articles


GGG Evaluation Team

Kathy Cassidy


First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni


For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell


The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi


The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott


My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?