SHANGHAI : China's top chipmaker Semiconductor Manufacturing International Corp said on Friday it anticipates smartphone sales from its clients this year to fall by at least 200 million units due to the Russia-Ukraine war and China's COVID lockdowns.
Demand for such products"dropped like a rock" as sales in Russia and Ukraine were heavily impacted while China's COVID lockdowns meant that companies had trouble delivering products or had to shut stores, he said. This meant that the proportion of SMIC's manufacturing capacity dedicated to smartphones and such products had fallen to 29 per cent, he said, from around 50 per cent previously.
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