China’s smartphone subsidy program has reportedly been a hit, with 10 million handsets sold in the first week in effect, the highest amount since 2020, while sales of mobile phones costing 6,000 yuan (US$830) or less have grown 13.7%, media report, adding MediaTek is expected to benefit as it is a major supplier to China brands Oppo, Vivo and Xiaomi. $Qualcomm(QCOM.US) #MediaTek #smartphones #semiconductors https://t.co/rkUsEStOrv
Source: Dan Nystedt
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