Taiwan-based MediaTek, a major supplier of processor chips for smartphones, has announced its first NFC chip, which it says could support three secure elements at one time.
The announcement this week by MediaTek of its new NFC standalone chip, the MT6605, is expected to bring NFC to more low- to mid-range smartphones, especially in China, where MediaTek is believed to have the largest market share for smartphone processors.
MediaTek has increased its market share globally, thanks to its growing business in China. It ranked as the No. 2 supplier of baseband processors and No. 3 for application processors worldwide during the first half of 2012, according to U.S.-based research firm Strategy Analytics. MediaTek often combines these processors into one chip.