History
MediaTek was originally a unit of the Taiwanese firm, United Microelectronics Corporation (UMC), tasked with designing chipsets for home entertainment products.[7] 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.[14]
The company started out designing chipsets for optical drives and subsequently expanded into chips for DVD players, digital TVs, mobile phones, smartphones and tablets.[7][12][15] In general MediaTek has had a strong record of gaining market share and displacing competitors after entering new markets.[12][16][17]
The company launched a division to design products for mobile devices in 2004 and developed chips such as the MT6225, MT6252,[18] MT6235, and other chips in the MT62xx series, used in mobile phones. Seven years later, it took orders for more than 500 million mobile system-on-chip units per annum, including products for feature phones and smart devices.[7] By providing extensive system engineering assistance,[19] the company allowed many smaller companies and new entrants to enter a mobile phone market that had previously been dominated by large, often vertically integrated corporations that had long been broadly entrenched in the telecommunications industry. The mobile chip market quickly became the main growth driver for the company.[7][12][16][17]
At Mobile World Congress 2014, MediaTek unveiled its new brand "Everyday Genius", dubbing the term "Super-mid market", with the vision and aiming to make smartphones more accessible affordable to the wider market.[20]
As of November 2014, over 1500 mobile models accounting for 700 million units were shipped globally in 2014, using MediaTek chips, and the company posted revenues of US$5.3 billion in the first half of 2014, nearly as much as the whole of 2013.[21] The revenue growth was however partly due to revenue recognition from the acquisition of MStar which became effective at the beginning of 2014.[22]
In September 2019, MediaTek collaborated with VVDN Technologies to design, manufacture new-age AIoT solutions.[23][24][25]
On November 25, 2019, MediaTek and Intel announced a partnership to bring 5G to PCs in 2021.[26][27] MediaTek overtook Qualcomm as the largest vendor of smartphone chipsets in the world in the third quarter of 2020, mainly due to significant growth in the Indian and Latin American markets.[28]
In May 2023, the company announced a new collaboration with Nvidia, using Dimensity to power advanced vehicle infotainment systems for automakers.[29]
