Oppo, China’s biggest domestic smartphone maker, is closing its chip design business as the global smartphone market extends a prolonged decline.
The Dongguan-based phone maker becomes one of the first major Chinese tech firms to retreat from the chip sector, after a wave of investment in past years by electronics players wary of tightening US export curbs. The company is ceasing operations of the unit, named Zeku, due to uncertainty around the global economy and the mobile industry, a spokesperson said on Friday.
