<p>➀ Key Asian countries and the U.S. show rising electronics production growth, with India leading at 15% 3/12 growth in March 2025;</p><p>➁ U.S. smartphone imports plummeted 45% in April 2025 due to shifting production to India (Apple) and Vietnam (Samsung), driven by Trump administration’s tariff threats; </p><p>➂ Proposed U.S. tariffs caused market uncertainty, with potential inventory shortages and price hikes expected to reshape smartphone supply chains.</p>