MediaTek plans to source chips locally once ecosystem’s ready: India MD

New Delhi: Taiwanese fabless chip company MediaTek will source semiconductors from local foundries once the chip manufacturing ecosystem is in place under the government’s ambitious Rs 76,000-crore semiconductor manufacturing incentive scheme, a top company executive said.

“It (read: the semiconductor scheme) does help us indirectly if the ecosystem develops here locally, with phone and chip manufacturers…at that stage, I can source the chipsets from local foundries rather than going to a foreign country,” MediaTek India managing director Anku Jain told ET.