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The
projection compared with MediaTek's current staff of around
12,000 worldwide, and came as chairman M.K. Tsai said the
company will host 50 Indian engineers before the end of the year
in Taiwan as part of a collaborative government training program
on smartphone design.
"MediaTek is committed to Make in India," Tsai said at a seminar
discussing opportunities between Taiwan and India in the
technology sector, referring to the Indian government's push to
attract foreign investment. He estimated MediaTek's market share
in Indian-brand smartphones grew to around 70 percent by 2014
from 35 percent in 2007.
Taiwanese tech firms have identified India as the next major
market outside of China that is capable of boosting business in
an increasingly saturated smartphone market.
Taiwan's Foxconn signed a pact last year with India's
Maharashtra state to invest $5 billion over five years in a new
electronics manufacturing facility as part of a broad plan to
set up 10 to 12 facilities, both manufacturing and data centers,
by 2020.
Foxconn, formally known as Hon Hai Precision Industry Co Ltd, is
the world's largest contract electronics manufacturer and
assembler of Apple Inc's iPhones.
MediaTek's latest announcement comes after the firm invested $60
million in late August in India's One97 Communications, which
operates under the trade name PayTM, to aid expansion at the
payment services and e-commerce firm.
Tsai said MediaTek's investment in India totals $350 million to
date, after setting up a subsidiary in Noida city in 2004 and
expanding its operation with a research and development center
in Bengaluru in 2014.
(Reporting by J.R. Wu; Editing by Christopher Cushing)
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