TechCrunch·3 min read·medium
Phone maker OnePlus reportedly plans to wind down US and Europe operations
I
Ivan Mehta
✦AI Summary
Smartphone manufacturer OnePlus is reportedly planning to wind down its operations in the US and Europe as part of a corporate restructuring by parent company Oppo. The move comes amid declining global demand for consumer electronics and supply chain constraints.
Amid rising consumer electronics prices and slow demand for new purchases, Android phone maker OnePlus plans to wind down its U.S. and Europe operations this week, according to a report from Bloomberg .
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