With the world facing a shortage of semiconductors amid a booming demand for chips, MediaTek is apparently seeking to invest over 100 billion New Taiwan Dollars (roughly 3.5 billion US Dollars) in research and development this year.
The move from the chip making giant arrives to improve the competitiveness for the coming years in the consumer technology and semiconductor industries. The company stated that it had invested about 77 billion New Taiwan Dollars (roughly 2.75 billion US Dollars) back in 2020 on research and development, and it is planning to cross the 100 billion mark this year. This would also marked the highest investment from the company so far.
Furthermore, this is also indicative of the company’s growing investment each year into R&D, as it had previously raised its spending by 22.6 percent back in 2020 over 2019. As per an ITHome report, the hike in investment figures also arrives as a majority of the R&D expenses are related to remuneration of personnel related to research and development.
Notably, MediaTek had also achieved a milestone last year, with its revenue crossing the 10 billion US Dollar mark for the first time back in 2020. This is now followed by the company recently announcing that it will be raising its production capacity in an attempt to further grow its revenue, with a targeted rise of 40 percent year on year in 2021.
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