26 May 2022 -
 General

Phone chip makers cut orders as phone demand plummets

Mobile phone shipments in the Chinese market were 47.886 million units, down 22.6% year-on-year, and 5G mobile phone shipments also declined, down 11% year-on-year, according to industry insiders. In February, the shipments of Xiaomi, OPPO, vivo, etc. all fell sharply year-on-year.

Mobile phone market analysts said that demand for Apple’s first new mobile phone this year, the iPhone SE, is sluggish, and it is estimated that annual shipments will be cut by 10 million units; for Android, China’s major Android phone brands have cut orders by about 170 million units this year, accounting for 20% of their original 2022 shipment plan.

The report pointed out that MediaTek and Qualcomm have reduced orders for 5G chips in the second half of this year due to the downturn in the mobile phone market.

In addition to 5G chips, display driver ICs have also been impacted by the market downturn. Supply chain sources have revealed that driver IC suppliers have reduced foundry production by as much as 30%.

Read more here

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics

Related News

22 May 2024 - General

TSMC accelerates global expansion with new European plant

Read more

17 May 2024 - General

Italy targets semiconductors with $10 billion investment push

Read more

16 May 2024 - General

Rising obsolescence risks threaten supply chains in the electronics industry

Read more

14 May 2024 - General

Prison for man who sold fake Cisco gear to US military and hospitals

Read more

13 May 2024 - General

Upheaval in DRAM: 15-25% price increase possible

Read more

07 May 2024 - General

Kremlin ramps up sabotage efforts; electronics supply chains warned of threats

Read more