July 11, 2011 - MediaTek Inc., a leading fabless semiconductor company for wireless communications and digital multimedia solutions and WiTricity, the technology leader in wireless power, today jointly announced that has entered into a technology transfer and license agreement. MediaTek will collaborate on the development and marketing of semiconductor solutions optimized for WiTricity’s patented technology for wireless charging over distance.

“Our vision is to enable mobile devices to be totally wireless—no charging cords needed”, says David Ku, CFO and spokesperson of MediaTek. “Wireless charging will become an essential built-in function for next generation mobile devices, and MediaTek looks forward to providing the best available wireless charging solutions using WiTricity technology.”

“As one of the fastest growing and most advanced semiconductor companies in the world, MediaTek can help us bring our technology to hundreds of millions of consumers worldwide”, states Eric Giler, WiTricity CEO. “Space inside a smart phone is some of the most valuable real estate in the world. MediaTek’s semiconductor solutions can minimize the cost and device space required for wireless charging functionality.”

MediaTek Inc. is a leading fabless semiconductor company for wireless communications and digital multimedia solutions. MediaTek’s expertise in semiconductor design will make WiTricity technology readily available to manufacturers of mobile connectivity devices including mobile handsets, tablet computers, game controllers, PND, digital camera.

WiTricity is a Watertown, MA based company that is commercializing patented technology for wireless charging over distance. This enables devices such as smart phones and tablet computers to be charged simply by being placed nearby a small WiTricity charging source, or placed on a desktop or automobile console that is equipped with a WiTricity charging source. WiTricity technology for charging over distance overcomes the need for the precise positioning that is a shortcoming of first generation inductive charging pads.

This license is planned to result in semiconductor solutions and associated reference designs to be sold and supported by MediaTek on a global basis to OEM’s, ODM’s, and contract manufacturers.

About MediaTek

Since 1997, MediaTek has been a pioneering fabless semiconductor company and a market leader in cutting-edge systems-on-chip (SoC) for mobile devices, wireless networking, HDTV, DVD and Blu-ray. Our tightly-integrated, innovative chip designs help manufacturers optimize supply chains, reduce the development time of new products, and extend a competitive edge in crowded markets. Through MediaTek Labs, the company is also building a developer hub that will support device creation, application development, and services for the Internet of Things era. By building technologies that help connect individuals to the world around them, MediaTek is enabling people to expand their horizons and more easily achieve their goals. We believe anyone can achieve something amazing. And we believe they can do it every single day. We call this idea Everyday Genius and it drives everything we do. Visit mediatek.com for more information.

About WiTricity

WiTricity Corporation designs, develops, manufactures, and markets technology for wireless energy transfer. Founded in 2007, the company is commercializing technology invented by a renowned team of MIT physicists. This technology utilizes magnetism to transfer energy without wires in a way that is safe, efficient, and that works over distance. For more information, visit http://www.witricity.com