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MediaTek eyes new markets with $300 million startup fund
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.To read this article in full or to leave a comment, please click here