Phoenix Cellular secures £10 million funding facility from Praetura
The recent Experian M&A review named Praetura as the North West’s leading debt provider in 2021
Megan Robinson
April 4, 2022
2022 will see a transition back to pre-pandemic levels, say Qualcomm
Qualcomm expects the chipset crisis that has plagued the mobile industry and beyond during the pandemic to ‘stabilise’ this year.
That is the view of Chris Patrick, SVP and general manager at the chipset manufacturer. The shortages have hindered mobile phone vendors, along with other sectors such as the automotive industry.
They have resulted from big demand for consumer electronics, and factors including factory shutdowns caused by COVID-19 and even extreme weather conditions in some places – including droughts in Taiwan and severe snowstorms in the US.
But Patrick and Qualcomm now expect the chipset industry to be more predictable from next year.
“This situation is stabilising, so in 2022 we see a period of transition from the somewhat unpredictable times of last year to what we think will be a more predictable and steady 2023,” he told Mobile News.
“It’s difficult to envision that we’re in a place where supply and demand are back to pre- pandemic levels, but we expect it to start to feel more that way.”