Xiaomi smartphones may rise in price due to the lack of chips

The Chinese company Xiaomi usually offers smartphones and other gadgets that are much cheaper than many competitors. But it seems that in this year the situation may change.

What happened

As Xiaomi Wang Xiang stated in time of the company’s report on profits and losses for fourth quarter, in some smartphones may rise in price this year. AND reason for that – protracted crisis of the semiconductor industry.

Since last year due to pandemics and increased demand due to transition to distance learning and remote work is experiencing a shortage of chips. IN first of all, it hit game industry, but also suffered and mobile direction. What’s more, even car manufacturers like Hyundai expect them to get hurt. due to lack of supply of microcircuits.

Qualcomm, a key supplier to Xiaomi, is struggling to meet orders from major smartphone brands. But the shortage of chips increases the costs of companies, so do not it is possible that this will affect price tags.

“we we will continue to optimize costs for our hardware devices. we will do our best to offer consumers the best price we we can. But we may have to shift some of the cost increase to consumer“, – stressed Wang Xiang.

Source: Reuters

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