MediaTek has been talking about launching more powerful chips for higher-end tablets lately so it has come as a surprise that its latest announcement is that it is going even more bargain basement.

The new MediaTek MT8121 is a quad-core chip designed for tablets that will sell for around $99 or even less. It is not the outfit’s first quad-core, but it’s integrated and designed to be cost-efficient for device makers. It has WiFi, Bluetooth, and GPS functionality all on the same chip as the processor.

The processor is an ARM Cortex-A7 with Power VR series 5 graphics. MediaTek has reportedly already begun mass production of the new chip, and the first tablets featuring MT8121 processors are expected to be in the shops in early 2014.