China’s top chipmaker SMIC says smartphone, PC demand has ‘dropped like a rock’ – Hardware

China’s top rated chipmaker Semiconductor Production Global claimed on Friday it anticipates smartphone product sales from its purchasers this yr to fall by at minimum 200 million units thanks to the Russia-Ukraine war and China’s Covid-19 lockdowns.

While SMIC formerly had concerns fulfilling orders owing to substantial need amid a world chip shortage, buyers from the smartphone, personal laptop and residence appliance sectors have been now cancelling orders because of to these two occasions, CEO Zhao Haijun informed analysts right after the firm’s quarterly success.

Demand for these goods “dropped like a rock” as income in Russia and Ukraine had been seriously impacted when China’s Covid-19 lockdowns meant that businesses had issues providing products and solutions or had to shut suppliers, he said.

“This calendar year we assume (demand from customers for) smartphones to drop by at least 200 million units, and the the greater part of these 200 million

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