Phone maker Xiaomi flags rising costs of chips, shares fall
https://www.reuters.com/article/us-xiaomi-results/phone-maker-xiaomi-flags-rising-costs-of-chips-shares-fall-idUSKBN2BG1B2
Chinese smartphone maker Xiaomi flagged on Wednesday rising costs from a global chip shortage and reported quarterly revenue below market estimates, even as its international business head jumped ship to TikTok owner ByteDance.
