MediaTek Invests USD 75 Mln in Mainland Subsidiary

C114, 10/26/10

Taiwanese fabless semiconductor firm MediaTek yesterday acquired 582,010,500 shares in an unnamed mainland subsidiary through another subsidiary, Gaintech, for USD 75 mln, according to Taiwanese media. MediaTek said it was providing additional resources to its subsidiary in the short term for investment purposes.

This is the third time this year MediaTek has invested in its mainland subsidiaries via Gaintech, following a USD 70 mln investment in MediaTek (Shenzhen) and a USD 4.8 mln investment in MediaTek (Chengdu). Including Gaintech's other investments this year in Shanghai Hua Xin Semiconductor Venture Capital, Shanghai-based mobile application middleware provider Vogins Technology, and mobile data application service provider Hesine Technologies, MediaTek has invested a total of USD 266.8 mln in the mainland so far this year.

Keywords: foreign investment Gaintech middleware mobile application mobile data semiconductor wireless MediaTek Vogins Hesine Technologies cross-straits investment

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