MediaTek speeds hiring in India to serve smartphone bright spot1 min read . Updated: 02 Sep 2015, 01:24 PM IST
Its staff in India will double to 400 by the end of this year and reach 700 by the end of next year
Taipei: MediaTek Inc. has sped up hiring in India as the chip designer turns to the nascent South Asian smartphone market amid weakening global demand.
“Growth rates on smartphones globally are slowing down," Finbarr Moynihan, general manager of international sales at the Taiwanese company, said by phone Tuesday. “One of the bright spots is the India market, which has still likely got a lot of growth left in it."
Its staff in India will double to 400 by the end of this year, from 200 at the end of 2014, and reach 700 by the end of next year. That’s ahead of its forecast in August last year for 500 in the country “over the next few years" from 100 at the end of last year.
MediaTek has around 35% of India’s market for processors used to power mobile phones, putting it ahead of global rivals including Qualcomm Inc. and Spreadtrum Communications Inc.
Growth will accelerate in 2016 as Indian phone companies roll out their higher-speed 4G networks, Moynihan said. This year, a “couple of million" 4G chips will be sold in India from the 150 million it expects to ship globally, he said. Bloomberg