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ID: 55727949 Video

Headline: Xiaomi Profit Plunges 43% as Chip Costs Hammer Smartphone Business

Caption:

Chinese tech company Xiaomi reported a 43 percent drop in first-quarter profit as rising memory chip prices hit its smartphone business hard

Keywords: Current Affairs & Politics,Xiaomi,losses,plunge,electric vehicles,smartphones,business,hit,profit,chips,semiconductors,paralysis,global shipping,production costs,YU7,Tesla,China,overcrowded,market,tech company,electronics sector

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