Mediatek posts Q3 sales of $1.3 billion

Taiwanese chip maker Mediatek, who have risen from the ranks of cheap knock-off phones to high-end devices from Xiaomi, Sony and others, posted their Q3 earnings today showing an impressive 17% increase in sales.

Mediatek’s strong growth is down to the companies low-cost SoC solutions for Android smartphones and tablets allowing Chinese (and Indian) phone makers to produce high-end handsets with lower prices than rivals using Qualcomm and Nvidia chips.

The up and coming processor maker has received a lot of criticism from rivals over their 8-core chipset and from Android phone fans who want to see Mediatek open up and release source codes and kernels. Still, they are expected to go from strength to strength over the next 12 months with new partnerships with Samsung on the way, the launch of the MT6592 Octa-core SoC and their first 4G LTE chip.

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