Global smartphone SoC shipments & Revenue declined by double digit YoY in Q2 2026, primarily due to rising memory costs and cautious inventory management by smartphone OEMs. MediaTek and Qualcomm revenues declined by more than 20% YoY during the quarter. The low and mid-tier segments are expected to be impacted the most, as OEMs are likely to reduce entry-level models and optimize their product portfolios to protect margins.

Insight

Hidden China risks are emerging in America’s multibillion-dollar AI data center boom

Companies including Zhongji Innolight and Eoptolink lead global data center optical transceiver revenue, with Chinese firms collectively accounting for roughly two-thirds of global unit supply, according to research firm Counterpoint.