Google announced the Android One project, in which they will be partnering with Spice, Karbonn and Micromax to bring Android mobiles for $100.
The important part here is, these phones will get OS updates directly from Google, and have stock Android like the Nexus and Play Store Edition Phones, i.e free of bloatware.
Now, a report has emerged, claiming that the phones will be powered by MediaTek chipsets. Apparently Google has tied up with Taiwan based company, for the development of the Android One line up. And, the Micromax phone which was shown at the Google I/O 2014 runs on a MediaTek Dual-Core MT6575 processor.
The Android One project is targeted at emerging markets, with India being the first to get the devices.