Xiaomi will switch to MediaTek processors due to the shortage of Qualcomm Snapdragon chips

It has become known that Xiaomi plans to switch to MediaTek processors, since Qualcomm cannot supply the company

enough 5G chips due to shortage.

Sources write that production capacityQualcomm is currently very busy, and therefore the company is experiencing problems with fulfilling orders. Chip delivery times for Xiaomi and Oppo have increased to 30 weeks.

For this reason, the Chinese tech giantI decided to turn to MediaTek for help. Xiaomi intends to reduce the share of Qualcomm processors from 80 percent to 55 percent. This could bring in more revenue for MediaTek and also boost the company's share price.

Earlier it was reported that the shortage of chips will last at least until the end of 2021. The shortage is caused by an imbalance between supply and demand in the industry.