24 July 2008

MediaTek Moves into the GPS Market

China Economic News (CENS) reports:

Fabless house MediaTek Inc. and several Taiwanese manufacturers good at global positioning system (GPS) products recently jointly won the Ministry of Economic Affairs` approval to take part in its Galileo Project to develop crucial GPS technologies.

The project will offer MediaTek, currently Taiwan`s No.1 design house by market revenue, a chance to enter the market for satellite navigation systems simultaneously built with the U.S. GPS and the European Galileo modes.

Industry watchers point out that MediaTek has integrated GPS and Bluetooth devices into its mobile phone chips to hone its competitiveness in the mobile-phone chip market. The company has projected 50 to 60% of mobile phones to be shipped worldwide throughout this year will deliver GPS function.

China Economic News: MediaTek Ventures Into GPS Business

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