Brands like Tecno, Infinix and iTel, which have never been sold in mainland China, accounted for 48% of the smartphone market in Africa in 2023

The Joe Biden Administration is expected to begin handing out subsidies to top semiconductor companies in the coming weeks, according to a WSJ report

The US firm sold one in five of all handsets last year, though overall sales dropped as consumers cut their spending

Tokyo has been offering significant subsidies to domestic and foreign chipmakers to rebuild its semiconductor industry

The world's largest contract chipmaker, TSMC, was given a one-year waiver for its factory in Nanjing, China, but is now looking for an indefinite extension

The world's biggest maker of memory chips, smartphones and TVs is likely to see a third-quarter earnings plunge, according to forecasters

Samsung makes about 40% of its NAND flash chips at its plant in Xian, China, while SK Hynix makes about 40% of its DRAM chips in Wuxi

The extension would mark an end to business uncertainty for South Korea’s Samsung Electronics and SK Hynix who have invested billions in their chip fabs in China

Top South Korean chipmakers Samsung and SK Hynix currently have permits to import US chip-making equipment into China, where they have extensive production facilities

The unprecedented oversupply of commodity chips has lingered since last year, and added to woes of an industry that was battling a Covid-induced shortage until the first half of 2022

Samsung Electronics say a demand recovery is mostly in high-end AI chips and not enough to force a turnaround on planned cuts after a $7bn half-year loss

The Chinese telecom giant has fallen behind South Korea's Samsung in the country, where brick-and-mortar remain the bigger players in smartphone sales