An inventory glut and weak handset demand will impact the current quarter, the company said

This is indeed how the globalization and the inter-connected economies affect finally the science and technology evolution.
This is due to uncertainty caused by the macroeconomic environment, where the rapid deterioration in demand and an easing of supply chain constraints across the semiconductor industry inevitably leads into a deceleration in demand for mass-tier handsets in consumer IoT and 5G handsets.

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