MediaTek over the years, have grown to become a major rival to Qualcomm and a key player in the smart chip business. The Taiwanese tech giant is known for producing chips that run on most cheap Android smartphones. With the increasing demand for smartphones around the world, the company has continued to grow.
According to a recent report from Counterpoint, over 100 million smartphones were sold in Q3 2020. Of this, MediaTek got the most share. The report revealed that MediaTek grabs about 31% dethroning Qualcomm to become the biggest Smartphone chipset vendor in Q3 2020.
Qualcomm comes second with 29%, while Apple, HiSilicon and Samsung’s share sit at 12% each, with UNISOC getting 4% of the market share.
While MediaTek leads in the number of chipset sold, Qualcomm was the biggest 5G vendor for Q3. According to the report, only 17% of the devices sold in Q3 were 5G and Qualcomm leads with about 39% market share.
The company’s growth has been as a result of producing chipset that powers both cheap and mid-range smartphones, which are mainly sold in India, China, Africa and the Middle East. Most devices running on MediaTek chips cost between $100-$250. Another reason for the growth, is the ban on Huawei, which also increase the company sells in the Latin America, the Middle East and Africa.
Research Director Dale Gai says MediaTek has raised the bars with its mid-range chipsets and has managed to power 3x more Xiaomi phones compared to 2019.