Foxconn, the Taiwanese maker of Apple’s iPhones, this week warned that softer demand and continued supply chain issues were likely to result in a drop in revenue.
(Picture: Getty Images)The world’s biggest microchip maker has said demand for mobile phones and computers has dropped “like a rock” as war in Ukraine and Covid lockdowns in China take their toll on consumer demand for electronics.
The boss of Semiconductor Manufacturing International Co. (SMIC) told investors: “There are at least 200 million units of smartphones that will disappear suddenly this year and the majority of them are from our domestic Chinese phone makers.
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