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MediaTek has announced that the company will be investing over US$200 million in India over the next five years to tap the growing super-mid market for its presence in segments such as connectivity and home entertainment devices. Inline with this, MediaTek will be opening up a new Research & Development (R&D) facility in Bengaluru, India to focus on developing innovative and inclusive solutions for wireless communications. The company currently has a R&D facility situated in Noida, making the new Bengaluru center the company's second major facility in India.
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MediaTek, the leader provider of cutting-edge Systems on Chip for wireless communications, connectivity and entertainment industry, said that it is actively looking at diversifying its operations in the country beyond mobile communications, by enhancing its connectivity and home entertainment segments.
"The opening of our new Bengaluru center will allow us to explore new and exciting opportunities across our broad spectrum of technologies, and put MediaTek solutions in the hands of billions of consumers. With this, we believe anyone can achieve something amazing, and realize their potential to become, what we call, an Everyday Genius."
- Ching-Jiang Hsieh, President of MediaTek
"We are delighted to be a part of the growing technology ecosystem in Bengaluru. By year-end, we plan to build a workforce of 100 professionals with a strong understanding of the thriving integrated circuit (IC) design industry, and aim to grow this number to over 500 over the next few years. The R&D center will develop exciting new products and applications, enabling India to harness growth opportunities in emerging technologies, such as LTE."
- Talking about the new R&D facility, Akshay Aggarwal, General Manager, MediaTek Bangalore
