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MediaTek wins orders for wearable device chips

2013/11/28 18:10:17

Taipei, Nov. 28 (CNA) MediaTek Inc., one of Taiwan's leading integrated circuit designers, said Thursday that it has secured orders to supply chips for use in wearable devices.

MediaTek said it has become part of Hong Kong-based wearable designer Omate's supply chain by shipping its dual core chip coded MT6572 for Omate's smartwatch model, the TrueSmart.

According to MediaTek, the TrueSmart can be used on both 2G and 3G networks under China Unicom, one of China's largest telecom operators.

The Omate smartwatch also has health monitoring and position navigation functions, a 5-megapixel camera, and can access several social networks, such as WeChat, MediaTek said.

MediaTek said the company has long been interested in wearable device applications, as the technology used in its smartphone chips is similar to that used in wearable products, like smartwatches.

The IC designer declined to disclose the volume of the shipments to Omate.

Shares of MediaTek rose 1.52 percent to close at NT$435.00 (US$14.66) on the Taiwan Stock Exchange, where the weighted index ended up 0.80 percent at 8,362.43 points, as buying was encouraged by the news about the Omate orders.

Market analysts said the success in entering the wearable device supply chain has created another revenue source for MediaTek's smartphone chips, which accounted for 55-60 percent of the IC designer's third-quarter consolidated sales totaling NT$39.01 billion, up 17.2 percent from a quarter earlier and up 32.4 percent from a year earlier.

Last week, MediaTek unveiled the world's first octa-core mobile processor, which is aimed at enabling premium gaming performance, advanced multi-tasking and enhanced web browsing to woo the high-end smartphone and tablet computer markets.

(By Jackson Chang and Frances Huang)
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