Samsung prepares to raise chip production prices by up to 20%

Samsung will seemingly join the rest of the chip production industry in increasing the price to make semiconductors, as chip foundries raise the cost of manufacturing important components used in modern electronic devices.The global semiconductor crisis has prompted many chip-making firms to raise their prices throughout 2021 and 2022. On Friday, a report indicated that Samsung will finally follow the pack and issue its own price hikes.Samsung is allegedly talking to clients to increase semiconductor pricing, with the raises potentially reaching up to 20% more than usual, sources familiar with the matter told Bloomberg. Depending on the difficulty of production, such as sophisticated designs, as well as other factors, the cost increase to clients can be between 15% and 20%. Read more…
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