The stock price then declined to a low near NT$400 in October 2014 before recovering to a price of NT$488 as of 8 January 2015, representing a market capitalization of approximately NT$770 billion (US$25 billion), based on 1,571 million shares outstanding.
The company launched a division to design solutions for mobile devices in 2004.It's a 'true octa core' chip with eight ARM Cortex-A7 application processor clocked up to 1.7–2.0 GHz and Mali-450 MP4 GPU clocked at 700 MHz.There is no on-board LTE modem but it includes NFC radio. Media Tek has subsequently introduced additional products using a "true octa-core" CPU configuration using Cortex-A53 cores, with support for ARM's 64-bit ARMv8-A architecture, including the MT6752 clocked at 1.7 GHz and the high-end MT6795 clocked up to 2.2 GHz.Smartphone and tablet solutions contributed to Media Tek's sales and income increase in 2013, while revenue recognition from the acquisition of MStar Semiconductor, which became effective in February 2014, as well as a continuing strong position for smartphone and tablet solutions, are the main reasons for the sales growth seen in 2014.Media Tek's stock has been trading on the Taiwan Stock Exchange under the symbol TWSE: 2454.The mobile chip market quickly became the main growth driver for the company.
At Mobile World Congress 2014, Media Tek unveiled its new brand “Everyday Genius”, dubbing the term “Super-mid market”, with the vision and aiming to make smartphones more accessible affordable to the wider market.
LITTLE chipsets with heterogeneous multi-processing capabilities. Media Tek announced the high-end MT6595 platform for smartphones in February 2014. LITTLE configuration with LTE network connectivity powered by four Cortex-A17 cores and four Cortex-A7 cores with heterogeneous multi-processing capabilities.
In July 2014, Media Tek announced a new product targeting the high-end, with a feature set largely similar to the MT6595, but instead of a heterogeneous multi-processing architecture, the MT6795 features eight symmetrical 64-bit Cortex-A53 cores in a true octa-core configuration.
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In more recent times, the stock peaked at NT$590 in January 2010, and saw a low point in August 2011 at NT$221.