Memory chip supply is tight, which may drive up smartphone prices
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Due to the surge in demand for memory chips from AI data centers, prices for electronic products such as smartphones and laptops may rise next year. Xiaomi President Lu Weibing and founder Lei Jun stated that the price increase in the memory market has exceeded expectations, and supply chain pressures will intensify. Experts believe that manufacturers of PCs and smartphones will be affected by the chip shortage, leading consumers to pay more. The increased demand for key storage components like DRAM and NAND Flash is driving up chip prices, benefiting companies such as Samsung, SK Hynix, Micron Tech, and SanDisk
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