In MediaTek believe that the popularity of services Bicycle rental will provide increased demand for chips for IoT

Chinese market for bikes is growing rapidly, which will lead to higher demand for chips for Internet of things. This view is held by the company MediaTek, noting that growth has already exceeded initial expectations.

Ofo, Mobike, Bluegogo other Chinese companies offering the rental service of two-wheeled friends, used to track the location of Bicycle solutions for IoT production MediaTek.

For the company MediaTek, specializing in single-chip systems for smartphones new direction is a good way to diversify a portfolio. Other promising areas — solutions for smart homes and cars. The company hopes that they will help to compensate for the decrease in the demand for smartphones in the global market.

Source: Digitimes

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