26 May 2022 -

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%.

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