MediaTek

MediaTek Inc. is a Taiwanese fabless semiconductor company that provides chips for wireless communications, high-definition television, handheld mobile devices like smartphones and tablet computers, navigation systems, consumer multimedia products and digital subscriber line services as well as optical disc drives. Founded in 1997 and headquartered in Hsinchu, the company has 41 offices worldwide and was the third largest fabless chip designer worldwide in 2016. The company also provides its customers with reference designs. MediaTek became the biggest smartphone chipset vendor with 31% market share in Q3 2020. This was assisted by its strong performance in regions such as China and India. Corporate history MediaTek was originally a unit of the Taiwanese firm, United Microelectronics Corporation (UMC), tasked with designing chipsets for home entertainment products. On May 28, 1997, the unit was spun off and incorporated. MediaTek Inc. was listed on the Taiwan Stock Exchange (TSEC) under the "2454" code on July 23, 2001. The company started out designing chipsets for optical drives and subsequently expanded into chips for DVD players, digital TVs, mobile phones, smartphones and tablets. In general MediaTek has had a strong record of gaining market share and displacing competitors after entering new markets.