US Intel to Produce Semiconductors for Taiwanese MediaTek

MediaTek is one of the leading suppliers of smartphone processors and a major competitor to US-based company Qualcomm. Intel will produce several chips for MediaTek for a range of smart devices, the two companies said in a statement on Monday.

"Intel and MediaTek today announced a strategic partnership to manufacture chips using Intel Foundry Services’ (IFS) advanced process technologies. The agreement is designed to help MediaTek build a more balanced, resilient supply chain through the addition of a new foundry partner with significant capacity in the United States and Europe," the statement read.

At the same time, Intel views collaboration with MediaTek as an opportunity for further growth in chip production industry.

"As one of the world’s leading fabless chip designers powering more than 2 billion devices a year, MediaTek is a terrific partner for IFS as we enter our next phase of growth," IFS President Randhir Thakur said.

Intel Pentium 60

MediaTek says it regards the agreement with Intel as an opportunity to diversify sourcing and supply chains to further accommodate the growing demand for their products.

"MediaTek has long adopted a multi-sourcing strategy... With its commitment to major capacity expansions, IFS provides value to MediaTek as we seek to create a more diversified supply chain. We look forward to building a long-term partnership to serve the fast-growing demand for our products from customers across the globe," corporate senior vice president at MediaTek N.S. Tsai said.

IFS was founded in 2021 to address the mounting global demand for advanced semiconductor production. IFS holds manufacture capabilities in the United States and Europe, with additional benefits stemming from Intel's recently announced factory expansions at existing sites, as well as plans for major new investments in the new sites in Ohio and Germany.