According Counterpoint’s latest Foundry and Chipset Tracker, several factors contributed to a decline of 5% YoY in Q1 2022 in the global smartphone chipset (SoC/AP+Baseband) shipments, including weaker demand in China and over-shipping from some chipset vendors in Q4 2021. Chipset revenues, however, experienced an impressive growth of 23% YoY in Q1 2022, likely the result of a wider variety of 5G smartphones, which tend to be more expensive, hitting the market.
