With the recent launch of 4G LTE networks, India’s smartphone market is growing very fast. Companies are coming forward and investing in R&D in India. Previously it was Xiaomi, but now, the MediaTek R&D unit in India will be expanding soon.
MediaTek currently has around 500 people in its R&D and at a design center in Bangalore. Mediatek collaborates with local mobile makers like Micromax, Karbonn, Lava, etc. and provides them with chipsets.
The general manager of corporate sales international, MediaTek, Mr. Finbarr Moynihan said that Mediatek R&D is expecting to add “a few hundred” people over the next 1-2 years.
“We are witnessing a strong growth in the Indian market. From 2007, when we entered the market to 2014, we have seen volumes grow 50%… Between the R&D and design centers in Delhi and Bangalore, we have some 500 people.”
Moynihan further said, “Mediatek has a wide portfolio of LTE products from entry to premium… We are testing our products with Reliance Jio and Airtel for 4G”.
In a way of showcasing their growth, MediaTek has announced a collaboration with Micromax, the second largest mobile maker in India, to launch Canvas Fire, a 4G LTE smartphone. Canvas 4G will come with the Android Lollipop OS, 4.5-inch display, 1 GHz processor, 1GB RAM, 8GB memory, 5MP rear and 2MP front cameras. This smartphone will be available for a price of Rs 6,500 or $100 approx.
India is one of the fastest-growing smartphone markets globally. According to the research firm IDC, smartphone shipments reached 26.5 million units in the April-June 2015 quarter, a huge 44% growth than last year. It is speculated that by 2017, India will replace the US as the second largest smartphone market.
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