MediaTek is considering investment in a company NextEV

According to the source, the company MediaTek is interested in the company NextEV, created the fastest electric car in the world. By investing in NextEV manufacturer of integrated circuits plans to expand the area of activity access in the sector of automotive electronics.

However, the decision on the allocation of funds has not been made yet, although MediaTek has confirmed that the company is considering automakers as potential customers.

Earlier this month, MediaTek announced the acquisition of 35-49% of another Chinese company — Mapbar Technology that provides a map service. The amount of investment in this case can reach $ 100 million. Same MediaTek plans to invest in cooperation with other Chinese supplier’s mapping service NavInfo who first for $ 600 million to be sold to a subsidiary AutoChips. Now the transaction is subject to audit from the regulatory authorities.

Source: Digitimes

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