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Taiwan's MediaTek unveils 5G chip to try to cement market lead

Chipmaker has surpassed Qualcomm after boom in sales of midrange smartphones

TAIPEI -- Taiwan's MediaTek has unveiled its latest flagship chipset for smartphones, betting on wider adoption of 5G devices to try to keep its status as the world's largest mobile chipmaker.

MediaTek recently overtook U.S. rival Qualcomm as the biggest seller of chips for smartphones, cashing in on booming demand for midrange handsets. The battle between MediaTek and Qualcomm is another sign of Taiwan's growing grip on key segments of the global semiconductor market.

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