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2026-06-02
Tekedia
Global Smartphone Market Faces Record 13.9% Decline As AI Boom Triggers Chip Shortage Crisis
June 2, 2026 | by Samuel Nwite | 0
The global smartphone industry is heading toward its sharpest annual contraction on record, as a severe shortage of memory chips, intensified by the ongoing U.S.-Iran conflict and the AI infrastructure race, disrupts production and threatens the economics of low-cost mo