Big raise for smartphones is at the door! Here’s why

Samsung Electronics is expected to increase chip production, and the price increase will affect smartphone models! Here are the details...
 Big raise for smartphones is at the door!  Here’s why
READING NOW Big raise for smartphones is at the door! Here’s why

Due to the shortage of processors in the technology sector, companies have difficulties in establishing the supply-demand balance. Students and employees who closed their homes with the spread of the coronavirus epidemic all over the world and the pandemic; started to advance their business on computers, tablets and smart phones. Due to the intense demand for technology devices, the shortage of chips all over the world naturally followed, and the supply-demand problem occurred.

According to the reports that emerged today after all this, Samsung Electronics wants to make a raise by making an agreement with its customers on the production of processors. Increases for processors will naturally affect the prices of smartphones. So, what percentage does Samsung want to raise for chips? Let’s take a look at the news together.

Samsung wants up to 20 percent hike for processors!

Technology giant Samsung wants to increase production prices by up to 20 percent amid the ongoing chip problem all over the world. Any price increase in chip production will naturally appear as a hike in smartphone models.

According to the news of SamMobile, the company continues to negotiate with its customers about price increase. But this is not thought to be done only by Samsung. Due to the increasing material costs, it is predicted that there will be an increase in the price for chip production in the sector in general.

Samsung announced last month that demand had exceeded its current production capacity. The firm is establishing a new $17 billion chip manufacturing facility in Texas to increase its manufacturing capacity. In addition, other companies announced that the chip shortage would continue for a long time.

What do you, our readers, think about this issue? How much do you think Samsung will raise for chip production and how will it affect smartphone models? You can express your thoughts in the Comments section or on the SDN Forum.

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