MediaTek announces a $12m commitment

The Taiwanese fabless semiconductor manufacturer has backed an automobile-focused investment fund.

Institution: MediaTek
Headquarters: Hsinchu, Taiwan
AUM: TWD49.81bn
Bitesize: $1-20m

MediaTek has committed $12 million to PHI Fund through its subsidiary, GainTech Co.

PHI Fund, which targets high-end automobile technology such as self-driving vehicles and connected cars, is now backed by three other investors, including Universal Scientific Industrial (Shanghai), Quanta Computer and Edom Technology.

As illustrated in the table below, MediaTek has been making investments in different technology-focused funds that target the Asia-Pacific region.

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