China’s Xiaomi, Transsion slash 2026 smartphone shipments as memory crunch bites

Chinese smartphone makers are bearing the brunt of a global memory crunch, slashing their 2026 shipment targets by tens of millions of units, according to industry supply chain sources. Beijing-based smartphone and electric vehicle giant Xiaomi cut its latest shipment forecast for the year by between 10 and 70 million units in its guidance for upstream suppliers, a source said. This follows a target of 180 million units the company had set in the fourth quarter of last year, the source...