As per the data from Strategy Analytics, the smartphone chip market has shown a year-on-year increase of 21% for the first quarter of 2021. Huawei’s subsidiary HiSilicon shows an 88% decline in the shipment units in compared with the same quarter last year.
HiSilicon is a semiconductor company founded in the year 2004. It is developing chips for Huawei smartphones and other devices and listed as one of the topmost chipmakers worldwide.
According to the latest news, Huawei’s director Chen Lifang said that the company is still developing the world’s leading semiconductor components internally, and the HiSilicon department will not make any changes in the restructuring or layoff decisions.
It was revealed that the HiSilicon currently has 7000 employees in 2020 and maintaining the staff will be another challenge for Huawei considering the profit.
Cheng also stated that the HiSilicon is privately held and is not affected by any external forces while the management made it clear that it will retain the company despite the US ban.
As per the previous report, HiSilion’s first-quarter sales just amounted to US$385 million, a decrease of 87% compared to the second quarter of last year. Chen revealed that the Huawei HiSilicon will continue to develop semiconductors despite the US ban which is expected to last for two or three years.