While it pushes 5G in the global markets in 2018, mobile chipset maker MediaTek will, in India, continue to focus on the 4G segment, David Ku, the firm’s Chief Financial Officer, has said, as per IANS.
According to the IANS, Ku said that the globally, company is likely to invest the highest on fifth generation (5G) connectivity, followed by the 4G segment. He added that 4G is definitely for India. 5G is, arguably, for India as well, but not in the next year. He however confirmed that in the next two to three years the chipset maker would bring 5G to the country.
He said the automotive segment would be next in their global priority list followed by Application-Specific Integrated Circuit (ASIC).
In 2018 and 2019, 5G would be pertinent for China, the US, Europe and Japan, among others.
The company had on June 5 announced that it would commercially deploy its first 5G modem “Helio M70” in 2019, and some of its key partners would be Nokia, NTT DoCoMo and Huawei.
Talking about MediaTek’s business in the country, Ku who is also the Senior Corporate Vive President of the company said that revenue from India is about 10-15 per cent of the overall revenue and, in 2017, the growth rate “was very good”, given the low base of the company in the country.
MediaTek’s current market share in India is around one-third and the company is trying to be the market leader, Ku said.
On the outlook for the current year, he emphasised that growth rate is definitely double-digit for India in 2018.
In 2017, however, the global performance of the company slowed on a year-on-year basis, he said, adding that, on a quarterly observation “from Q3 (July-September) of last year, the performance started recovering”.
(Source: IANS)
