MediaTek Invests in Meizu To Gain Market Traction
Taiwan’s Mediatek has today invested heavily in smartphone manufacturer Meizu, industry sources have claimed.
Since the number of shares acquired and the money spent have not been announced to the public, it’s unclear how much influence MediaTek now carries over the Meizu-board. Nonetheless, the investment is another sign of both companies coming together on good footing.
Meizu released its MX4 last year, the company’s first smartphone to launch with a MediaTek MT6595 chip instead of a Samsung processor. Following that, we also saw the launch of the Meizu M1 note with MT6752 chip and Meizu M1 with MT6732.
With MediaTek’s plans for a deca core CPU launch underway as well, it also most likely means that we’ll be getting to see the MT6797 also make an appearance in a MediaTek smartphone in the future.
The partnership between the two is also expected to bring down the cost for Meizu, with better handsets at lower prices.
In related news, rival Samsung is also busy in increasing its manufacturing capabilities. The company just announced a new plant in South Korea worth $14 billion, and which will go into production at the start of 2017.