5G the 'Main Driver for Smartphones Growth': STMicroelectronics CEO
Smartphones “more than ever” are an “essential source of social connection and streaming services for entertainment, fitness, gaming and music,” and 5G consumer adoption “remains the main driver for smartphones growth,” said STMicroelectronics CEO Jean-Marc Chery on a Q1 call.…
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ST also experienced persistently strong Q1 demand for other connected devices, including wearables, tablets, hearables, true wireless stereo headsets and game consoles, he said. A factor in the worldwide shortage of chips is the semiconductor “content increase related to digitalization and electrification, as well as higher content in traditional cars, driven by accessories,” he said.