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NavInfo to acquire MediaTek's AutoChips unit for USD 600 mln
2016-05-13 10:42:00| Telecompaper Headlines
(Telecompaper) MediaTek has signed a partnership agreement with NavInfo. NavInfo plans to acquire AutoChips, a Chinese subsidiary of MediaTek, for USD 600 million. AutoChips is a provider of automotive infotainment SoC services. The transaction is scheduled for completion in the fourth quarter of this year, subject to regulatory approvals. Concurrently, MediaTek plans to invest in or co-invest with NavInfo, an amount of up to USD 100 million, to cooperate in the fields of Automotive ICs and the Internet of Vehicles (IoV).
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Category:Telecommunications