A recent research report released by Canalys had shown that despite a slump in the Chinese phone shipments, Xiaomi saw a rise in its overall shipment for Q1 2018 YoY. That is a reflection of how successful the company’s strategy of adopting both the offline and online sales model in ramping up supply has been. That success has made the Chinese giant a beautiful bride in the face of companies in Taiwan’s supply chain.
DigiTimes reports that the major players in the Taiwanese IT supply chain are eyeing orders from Xiaomi as a result of the continued increase in its shipments globally. The companies include giants like Foxconn Electronics, Inventec, Largan Precision and Taiwan Semiconductor Manufacturing Company (TSMC), according to industry sources.
Xiaomi shipped an estimated 70 million phones in 201 and this year, the company has hinted that it as set a target of 100 million shipments. The company dubbed “China’s Apple” has also disclosed its readiness to issue IPO in order to raise funds to deepen its R&D and marketing efforts, as well as the company’s overseas expansion moves. The company’s positive outlook towards increasing its shipments and its ability to continue ramping up the price/performance ratios of its products means more business opportunities for Taiwan-based suppliers.
According to reports, Xiaomi’s president Lin Bin recently visited lens module maker, Largan Precision, reportedly to secure more production capacity in order to ensure its orders for multi-lens modules for its high-end models will be fulfilled smoothly in the second half of 2018. In addition, a recent report alleged that Xiaomi is presently working with TSMC to fabricate its Surge S2 processors using the foundry’s 16nm process. Xiaomi is also likely to use Qualcomm’s 7nm advanced processors, which are also to be made at TSMC, the source hints. Foxconn and Xaomi recently joined forces in India to set up a PCB lamination plant in India in its bid to consolidate on growth recorded last year in the Asian country.