khaskhabar.com : Saturday, May 13, 2023 12:24 PM
Beijing. Smartphone maker Oppo has shut down its chip design company Zeku. The semiconductor market is passing through a period of severe recession. The media gave this information on Friday. According to the South China Morning Post, Oppo announced the move in a brief statement, calling it a difficult decision and blaming the uncertainty in the global economy and smartphone market.
The report claimed that the employees of Zeku had received less than a day’s notice about the closure of the unit.
The global technology brand set up Zeku in 2019 to design the chips that can be used in its devices.
Other smartphone makers, including Xiaomi, have also established their own chip-design verticals.
Chip manufacturing in China has been severely affected by US export restrictions targeting Advanced Semiconductors.
Of the 3,243 fabless chip firms in China last year, only 566 had sales of more than 100 million yuan ($14.4 million), according to Wei Shaojun of the China Semiconductor Industry Association (CSIA).
Global semiconductor revenue is projected to decline by 11.2 percent in 2023.
According to Gartner’s latest forecast, the semiconductor market is expected to total $599.6 billion in 2022, a slight increase of 0.2 percent from 2021.
(IANS)
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