Taiwan's MediaTek open to outsource chip production to local fab units

Taiwanese fabless chip maker MediaTek is willing to outsource chip production to Indian fab companies as and when they are set up to meet the demand for the domestic market. 

MediaTek, which designs chips and gets them manufactured in fabs for the mobile device market, competes with US-based Qualcomm, in India as well as globally. According to IDC estimates for Q4CY21, MediaTek has a 42 per cent share of the global smartphone market based on shipments, and over 50 per cent share of the android phone market.  

Speaking to Business Standard, Finbarr Moynihan, vice-president, corporate marketing of MediaTek based in