Xiaomi expects Chip Crisis Ending Soon in 2022

If Xiaomi has its way, the end of the global chip crisis is not so far away. According to the Chinese smartphone provider, the situation should improve significantly in the course of 2022. Whether this also applies to other manufacturers remains to be seen.

As Xiaomi announced today when announcing its latest sales figures, it has confidence in the further course of 2022 as regards the situation in the international electronics market. As a result, the forecast for the sales figures of its own products can be adjusted upwards, according to the group. In the first quarter, the availability of many components was still an issue, but according to the Japanese economic service, a significant improvement in the situation can be expected from the second quarter, according to Xiaomi president Wang Xiang. Nike Asia to representatives of the media.

Problems quickly solved says Xiaomi

A “fundamental solution” to the problems can then be expected in the second half of the year, with even some surpluses expected again, according to the Xiaomi manager. The bottlenecks have been around since late 2020 and have caused huge problems for many companies from various industries worldwide ever since. As a result, many manufacturers are unable to deliver the quantities of their products they had hoped for, be it smartphones, servers, or even cars.

Xiaomi expects a year of growth, at least for itself, even if there are uncertainties and geopolitical issues. Despite this, more than 200 million smartphones are expected to be sold, Wang says with a view to 2022. However, other sources assume that the bottlenecks will decrease slightly in the second half of the year, but also for several parts. huge availability issues. Xiaomi is the first smartphone supplier to talk about easing the chip crisis. For the year 2021, the bottlenecks were mentioned as the reason why the previously announced forecasts were not met. Several suppliers also reported that the situation was expected to ease in the second half of the year.