Taiwan-based chipset maker Mediatek has announced it will open up a US$300 million venture fund for investing in startups across the globe.
The fund will be part of a new investment arm known as Mediatek Ventures, and will target the internet of things, internet infrastructure and services, and semiconductor systems and devices. A company spokesperson tells Tech in Asia that the branch’s core team will be based in Taiwan, but will “have presences around the globe.”
It’s not uncommon for chipset makers to set up venture funds for startups. Intel and Qualcomm each have dedicated investment arms that have been active for more than a decade. Both firms have also at various points in time set aside region-specific funds for Asian markets.
Mediatek isn’t known to be as active in startup investments as Intel or Qualcomm, but the company’s finance arm has made a steady stream of bets on early-stage teams. In its native Taiwan, for example, the company helped raise funds for restaurant-booking app EZTable, smart stylus-maker Adonit, and bloatware distributor GMobi (which itself originated as part of Mediatek).
Editing by Paul Bischoff, top image by Pierre Lacourt
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