TAIPEI -- China's top smartphone maker Xiaomi on Tuesday night said the ongoing global chip shortage will crimp its shipments this year by up to 20 million units, in the latest signal that the supply crunch is affecting even the world's biggest tech players.
The impact will lead to approximately 190 million smartphone shipments for 2021, the world's No. 3 smartphone maker said. This estimate represents robust growth of nearly 30% from 2020, but falls short of Xiaomi's ambitious internal goal of producing more than 200 million handsets this year. The Chinese company aims to grab market share from embattled compatriot Huawei Technologies, which saw its use of American technologies sharply curtailed by U.S. restrictions.
