MediaTek's CEO Rick Tsai has been appointed as chairman of Richtek Technology.
Having Tsai head Richtek's management demostrates an attempt to maximize the synergy between MediaTek and Richtek, according to market observers. Richtek has become a wholly-owned subsidiary of MediaTek since April 2016 when MediaTek completed its acquisition of the analog IC specialist.
MediaTek has in recent years expanded its non-mobile SoC product segments particularly solutions for IoT, power managementIC, ASIC and automotive electronics applications. Sales of its core mobile SoC business have dropped to below 40% as a proportion of company revenues.