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Eight Chinese brands were among the top ten manufacturers in the world in the third quarter of 2023, said the market research firm TechInsights.
China became the largest single market for iPhone in its shipments in Q2
China's smartphone shipments fell by 5% year-on-year and rose by 2.9% quarter on quarter in the second quarter.
Global smartphone shipments in the second quarter of 2023 dropped by 8% year-on-year to 269 million units, and eight Chinese brands were among the top ten manufacturers in the world.
Risto Puhakka, vice president at the U.S. based TechInsights Manufacturing Analysis, commented on the impact of U.S. CHIPS Act on China’s semiconductor industry.
Risto Puhakka, vice president at the U.S.based TechInsights Manufacturing Analysis, said that China’s pandemic shutdown has diversified the local semiconductor supply chains into Southeast Asia
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