The main headlines of Fox Business Flash are here. Check out what is clicking on FoxBusiness.com.
Taiwanese chip designer MediaTek Inc launched a new 5G chip on Monday to help it gain market share in the United States.
Along with Qualcomm Inc and Samsung Electronics Co Ltd, MediaTek is one of the few suppliers of modem chips that help devices such as smartphones connect to cellular data networks. The company supplies chips to phone makers like Xiaomi Corp and LG Electronics Inc, among others.
THESE WIRELESS NETWORKS HAVE LESS CALLING PROBLEMS, FINDING THE JD ENERGY STUDY
So far, however, MediaTek’s 5G chips are only compatible with the “sub-6” variant of 5G networks, which is the variety widely used in countries like China.
Taiwanese chip designer MediaTek Inc launched a new 5G chip on Monday to help it gain market share in the United States. (Photo: Ali Balikci / Anadolu Agency / Getty Images)
The MediaTek modem chip announced on Monday, called M80, will also support what is called millimeter wave technology, which is being used by American operators like Verizon Communications Inc.
Verizon uses the name “5G Ultra Wideband” for the service. Qualcomm is currently the dominant chip supplier to take advantage of millimeter wave technology, with its chips used in the American versions of Apple Inc.’s iPhone 12.
DISCOVER FOX BUSINESS ON THE MOVE BY CLICKING HERE
Finbarr Moynihan, general manager of international corporate sales, told Reuters in an interview that MediaTek hopes to win more contracts to supply chips for American models.
“It is a very different market, in terms of carrier landscape and technology requirements, but we are very pleased with some solid progress in our volume and market share” with cellphone manufacturers like Samsung and LG, he said.