Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Qualcomm was known to be the leading system on chips (SOC) supplier of the leading smartphone manufacturers in China. In fact, in 2020, around 307 million chips were delivered to Chinese companies, but in a new report, it was stated by a research company that Qualcomm’s shipments have decreased by 48.1% year-on-year.
Qualcomm’s business at risk over its declining market share
As per CNBC, CINNO Research claimed that Qualcomm’s falling market share was because of the sanctions issued by the Trump administration against Huawei, the leading smartphone maker in China. The sanction also extends to other Chinese companies, including Xiaomi, Vivo, and Oppo, so Qualcomm lost millions of orders.
American companies are still prohibited from doing business with Chinese companies, so Qualcomm was left with no choice but to cut business with its big clients, including Huawei. Telcos in China were placed on the U.S. blacklist, which means American firms are banned from dealing with the names on the list.
The sanction imposed on Huawei and other Chinese tech firms proved to be a big blow to Qualcomm since its export plummet and ultimately hurting the business in the process. Its market share in China nosedived to 25.4% in 2020 against 2019’s 37.9%.
Rival chipmaker companies are taking over the biz
Now that it is impossible for Qualcomm to export its chips to China, local phone manufacturers, including Huawei, are looking for options, and they are now turning to MediaTek, a Taiwanese semiconductor company.
As a result, MediaTek is now emerging as the no. 1 chip supplier for major tech firms. It has really benefited from the US sanctions as it started to fill up the demand for chips, a major component of smartphones.
“As far as we know, OPPO, Vivo and Xiaomi and Huawei, the MediaTek share has increased a lot,” CINNO Research relayed to CNBC. “This is not only because of the excellent performance of MediaTek’s mid-end platform, but also it is undeniable that the U.S. has imposed a series of sanctions on Huawei & Hisilicon, forcing major manufacturers to seek more diversified, stable and reliable sources of supply."
