China smartphone giant Xiaomi may have to raise phone prices due to the soaring cost of memory chips, media report. “The increase in memory costs is far higher than expected and will continue to rise,” said President Lu Weibing at Xiaomi’s 3rd quarter conference. He blamed AI-related demand for the price surge. Xiaomi has signed full-year supply agreements for 2026 to safeguard memory supplies. 1/3 $HXSCL $SSNLF $Micron Tech(MU.US) $Apple(AAPL.US) #Xiaomi #Oppo #Vivo
Source: Dan Nystedt
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