NEW REVENUE AVENUES: The firm has over the past four years invested NT$22 billion in research and development in the hope of commercializing its findings
Taipei Times
Date: Feb 22, 2019
By: Lisa Wang / Staff reporter
Mobile phone chip supplier MediaTek Inc (聯發科) yesterday said that it has allocated 2,000 to 3,000 engineers over the past one-and-half years to focus on the development of 5G, artificial intelligence (AI) and other new technologies in pursuit of new revenue growth due to stagnating smartphone sales worldwide.
The number of affected employees constitutes about 19 percent of the chip designer’s total gobal workforce of 16,000 people.
MediaTek also earmarked a significant portion of its US$1.8 billion research and development budget last year for new technologies, it said.
Over the past four years, the firm has invested NT$22 billion (US$713.6 million) in research and development, exploring cutting-edge technologies and products, it said. [FULL STORY]