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China tech

Xiaomi says chip shortage to 'fundamentally' ease in second half

World's No. 3 smartphone maker sets 2022 sales target of over 200m devices

Xiaomi believes that the global chip and component shortage will be resolved within the second half of this year. (Photo by Karina Nooka)
CHENG TING-FANG and LAULY LI, Nikkei staff writers | China

TAIPEI -- Top Chinese smartphone maker Xiaomi aims to ship more than 200 million phones in 2022 as it predicts the global chip and component shortage will "fundamentally" improve in the second half of the year.

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