While MediaTek has a reputation as the chip used in entry-level smartphones by manufacturers, the company did gain some notoriety earlier this year by developing the first true octa-core processor; according to industry sources, the silicon slinger usually spends 20% of its annual revenue on R&D. That would mean that for this year the figure will reach NT$26 billion ($884 million USD) and rise to NT$30 billion ($1.02 billion USD) in 2014...Source: http://www.phonearena.com/news/MediaTek-to-invest-1-billion-U.S.-Dollars-in-2014-to-develop-new-chips_id49126
