Mediatek Founder Wins Noyce Medal, Announces UK Investment

MediaTek, a leading semiconductor company, has announced its plans to invest $12.6 million in the United Kingdom over the next five years. This decision comes shortly after the company's chairman, Ming-Kai Tsai, was awarded the prestigious Robert N. Noyce Medal, the highest honor in the semiconductor industry.

The Noyce Medal will be presented to Tsai at the upcoming IEEE Honors Ceremony, scheduled to take place on May 3, 2024, in Boston. This recognition is a testament to Tsai's remarkable achievements as the founder and chairman of MediaTek, a company he established in 1997. Under his leadership, MediaTek has grown into an $18 billion revenue company, rivaling industry giants like Qualcomm.

As part of its commitment to the UK market, MediaTek will be directing its investments towards supporting local startups. Over the next five years, the company plans to focus on nurturing and empowering emerging businesses in the country. MediaTek already has offices in Cambridge and Maidstone, and these investments will further strengthen its presence in the UK.

The Noyce Medal has been awarded to several distinguished individuals in the past, including industry pioneers like Wilf Corrigan, Morris Chang, Luc Van den hove, Tsugio Makimoto, and Pasquale Pistorio. The medal is named after Robert Noyce, the co-founder of Fairchild and Intel, who played a pivotal role in the invention of the chip.

MediaTek's decision to invest in the UK reflects the company's confidence in the country's innovation ecosystem. By supporting local startups, MediaTek aims to contribute to the growth and development of the UK's technology sector. With its extensive experience and resources, the company is well-positioned to make a significant impact on the UK's startup landscape.