MediaTek has refuted recent reports saying its 10-core Helio X20 mobile SoC has thermal issues.

Several China-based media outlets quoted Weibo users as saying in their reports of overheating issues with MediaTek's Helio X20-series have prompted HTC, Lenovo and Xiaomi to cancel their development projects for models powered by the processor.

In response, MediaTek said that its Helio X20 will be adopted in a number of new smartphones slated for launch between the end of the first quarter and the beginning of the second quarter. Cooperation with existing clients which have chosen the chips for their new models continues, MediaTek added.

MediaTek closed at NT$200 (US$5.99) on the Taiwan Stock Exchange (TSE) on February 3, the last trading date prior to the 2016 Lunar New Year. Its price was down NT$12, or 5.7%.