Samsung plans to raise chip prices by 20%

Samsung is currently considering raising the cost of its semiconductor products by up to 20%, as well as those it manufactures for other companies, which would ultimately lead consumers to pay more for new devices.

As Bloomberg reports(Opens in a new window), the consideration of rising prices is in response to almost everything in the world becoming more expensive, including the cost of raw materials and the logistics surrounding production pipelines. The final price increase should be tied to the sophistication of the components being manufactured, but that still means vendors will end up paying 15-20% more for chips.

Samsung is a major player in the semiconductor industry, producing processors for a wide range of industries, as well as memory products, storage solutions, and foundry solutions that help make other semiconductor products. -drivers. Adding a 20% price increase across all of these sectors will inevitably drive up the prices of all products using Samsung components.

At this time, Samsung isn’t commenting on the issue, but the company doesn’t need to. We all know this happened when the prices of new smartphones, tablets, laptops and SSDs started to rise. And if Samsung faces more expensive logistics, so will companies producing end products that contain Samsung-made components. So we should all be prepared for the technology to be significantly more expensive as the year progresses.