Date: Oct 07, 2016
By: Lisa Wang / Staff reporter
Handset chip designer MediaTek Inc (聯發科) yesterday said it plans to seek business opportunities in India, the world’s fourth-largest smartphone market, by tripling its workforce there within the next three years.
The company has been expanding its presence in China over the past decade and is gradually shifting its focus to India in pursuit of new growth.
MediaTek accounts for 70 percent of the handset chip market in India, where New Delhiis seeking to develop its home-grown mobile phone brands via the “Made in India” initiative.
“India has a huge growth potential,” MediaTek chairman Tsai Ming-kai (蔡明介) told reporters on the sidelines of a forum in Taipei arranged by the Federation of Indian Chambers of Commerce and Industry, citing the firm’s strategy of growing with local brands in emerging markets. [FULL STORY]