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 to consumers paying more for new devices.
As Bloomberg reports, the price hike consideration is in response to just about everything in the world getting more expensive, including the cost of raw materials and the logistics surrounding production pipelines. The final price increase is expected to be linked to sophistication of the components being manufactured, but that still means vendors will end up paying between 15-20% more for chips.
Samsung is a huge player in the semiconductor industry, producing processors for a wide-range of industries, as well as memory products, storage solutions, and foundry solutions which allow other semiconductor products to be manufactured. Adding up to a 20% price rise across all those sectors will inevitably push up prices for any products that use Samsung components.
For now, Samsung isn’t commenting on the matter, but then the company doesn’t need to. We’ll all know it has happened when the prices of new smartphones, tablets, laptops, and SSDs start rising. And if Samsung is facing more costly logistics, so will the companies producing the final products containing Samsung-manufactured components, so we should all brace to tech being significantly more expensive as the year progresses.