Economic Ramifications

MediaTek Teams Up with US University on Chip Design Centre

Taiwan’s MediaTek, the world’s fourth-largest chip designer by revenue, will create a new design centre to be located in the US state of Indiana, working with Purdue University.

MediaTek makes processors for Android phones and smart speakers. The company  declined to put a price tag on the deal, but did say it will receive a $1.4 million grant from the state of Indiana to fund it. Purdue University said the centre will be located on its campus in a separate announcement.

“Being in Indiana means we’ll have access to some of the best engineering talent in the world,” said Kou-Hung Lawrence Loh, corporate senior vice president of MediaTek and president of MediaTek USA, in the statement.

 

ALSO IN AF: Taiwan Firms Struggle with Supply Chains As Demand Rises

 

The company said it will hire engineers from top schools in Indiana and nearby states into position that normally would be located in California or the Northeast.

MediaTek also said it plans to endow a professorship at Purdue to compete for federal research grants, a funding source that could see a large boost if a bill to support the chip industry is passed by US Congress.

The announcement comes after the US Department of Commerce announced that Taiwan’s GlobalWafers will build a $5 billion silicon wafer plant in Sherman, Texas.

 

  • Reuters, with editing by Neal McGrath

 

ALSO READ:

Taiwan Exports Seen Rising For 19th Month on Chip Demand

Taiwan To Help US Solve Chips Crisis But Warns Of ‘Unreasonable Demands’

Taiwan tech firms face a demand drop, not Covid-19

Neal McGrath

Neal McGrath is a New York-based financial journalist. Neal started his career covering the Asia-Pacific region for the Economist Intelligence Unit, then joined Asian Business magazine. He's subsequently held a variety of editorial positions covering business, economics, finance and sustainability. Neal has lived and worked in Hong Kong, Singapore, Germany and the US.

Recent Posts

Japan, Korea, US Agree Forex Cooperation As Yen, Won Dive

Fading hopes of a US interest rate cut anytime soon have pushed the Japanese currency…

5 hours ago

US Set to Restore China Solar Tech Tariffs After Korea Firm Plea

The solar division of Korean conglomerate Hanwha Corp, Qcells, is looking to protect a planned…

6 hours ago

Biden to Propose Tripling Tariffs on Metal Products From China

President eyes hiking tariffs amid a push for blue-collar votes on a visit to Pittsburgh,…

14 hours ago

Japanese Firms Eye Moves to the US as ‘China Illusion’ Fades

With Japanese firms now wary about investing in China, the US's economic resilience has proven…

15 hours ago

Apple Eyes Indonesia Fab as it Reduces China Reliance – AP

Apple CEO Cook also met Vietnamese Prime Minister Pham Minh Chinh in Hanoi on Tuesday as the…

16 hours ago

IMF Tips 3.2% Global Growth, Warns China on Property Crisis

IMF chief economist says China’s economy is strained by its property crisis and warns that…

16 hours ago