5G is the next big revolution in technology and everyone wants a big chunk of its market share. But looks like China is going to take the lead in 2020 as chip maker MediaTek believes that the Chinese market could grab more than 70% of the global 5G smartphone sales next year.
MediaTek’s CEO Rick Tsai said that global 5G sales are expected to be about 140 million in 2020. Out of this, nearly 70% will be sold in the Chinese market, coming close to 100 million units. This is quite an optimistic forecast from MediaTek given that Strategy Analytics’ report predicts smartphone sales in China to hit just 80 million next year. Still, it’s clear that both of them believe that China will be the largest 5G market in 2020.
MediaTek is currently expected to mass-produce its new 5G chipset in the second half of the year. The company could benefit from Huawei if it manages to strike a deal with the telecommunications giant. Earlier reports indicate that MediaTek is looking to supply low-end 5G chipsets for Huawei’s less expensive smartphones.
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