By Stephen Nellis
(Reuters) - MediaTek Inc <2454.TW> on Tuesday released a new smartphone chip that aims to bring 5G connectivity to lower-priced devices and a new chip for Chromebooks to try to meet the booming demand for low-cost laptops in the education market.
The Hsinchu, Taiwan-based chip designer said the new Dimensity 700 smartphone processor chip will offer 5G connectivity, improve battery life and bring in processing capabilities now found in higher-end devices.
The chip is aimed at lower cost phones, especially in China, where buyers have gravitated towards 5G models.
David Ku, MediaTek's chief financial officer, told Reuters there were 5G phones in the Chinese market for about 2,500 yuan, or $375, but the new chip aimed to help phone makers get prices down to the 2,000 yuan, or $300, range. ...
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