With trend towards bringing 5G is rapidly growing and gaining pace,  chip developers are in race to bring these chips in the market ahead of each other.  MediaTek, mobile phone chipmaker announced "Helio M70" which is the first 5G modem by the company. Also it will be available for use next year, therefore smartphones launching next year with this chip will be 5G compatible.

This new chip would provide a speed upto 5Gbps. The chip will also support critical carrier features and would be available as a discrete solution.

The company is also planning to launch an integrated SoC with a 5G modem but it will have different name than Helio M70

Company recently launched Helio P22 processor, but the company cannot reveal the name of the devices." Chen said. He further, said that the mobile phone makers would themselves revel the name of devices using this processor.

For the record MediaTek launched Helio P22 processor last month. “Helio P" chips are known for their power-efficiency with punch of performance suitable for mid-range devices,.

MediaTek Helio P22 is the first chip to bring the 12nm manufacturing process to the mid-range mobile segment beating other chipset makers.

With P22 chipset, the chip maker would offer the benefits of Artificial Intelligence (AI) accelerated experiences, brilliant photography and reliable, high-speed connectivity to more affordable devices, thus, expanding the "new premium" market.