Mergers and Acquistions News
Categories: Semi-Conductors
August 1st 2011, 15:15PM
MediaTek has announced a $20 million (£12 million) investment in Spice Digital.
The Taiwan-based company, which specialises in manufacturing semiconductors for wireless communication devices, has made the decision given the high number of mobile phone subscribers in India.
Furthermore, a recent study conducted by Standard Chartered found the country is on course to become the world's fastest growing major economy by 2012.
Ming-Kai Tsai, chairman of MediaTek, said the investment offers many opportunities for the enterprise.
He added that the business is hoping to "capitalise on [Spice Digital's] market potential and reinforce its strong operator relationship and leading position in India, south-east Asia, Africa and the Middle East".
Spice digital currently has a presence in more than 20 countries and is the largest Mobile Value Added Services enterprise in India.
Earlier this year, MediaTek won the best technology for mobile phone accolade at the National Telecom Awards 2011, which were held in Delhi.
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