Lockdowns hurt MediaTek, Qualcomm delivery: report - News Summed Up

Lockdowns hurt MediaTek, Qualcomm delivery: report


Lockdowns hurt MediaTek, Qualcomm delivery: reportStaff writer, with CNATaiwanese smartphone IC designer MediaTek Inc (聯發科) and US rival Qualcomm Inc felt the sting of China’s COVID-19 lockdowns as their smartphone IC shipments from the country fell in April, market advisory firm CINNO Research said. Weaker demand for smartphones powered by the Android operating system also took a toll on IC shipments within China, CINNO said. It shipped about 3 million SoCs to China that month, down only 2.2 percent month-on-month and 3.5 percent year-on-year, it said. In addition to the COVID-19 pandemic’s effect on global demand, geopolitical tensions and a slowdown in the global economy are expected to continue to affect smartphone demand, CINNO said. Smartphone brands in the Android camp are expected to be hurt more by weakening demand than Apple, it added.


Source: Taipei Times June 04, 2022 12:28 UTC



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