Samsung to Rise Chipmaking Prices by 20 Percent

Samsung reportedly discussed price hikes up to 20% with chip customers. The move should offset rising materials and logistics costs which could result in increases in consumer electronics products.

According to news reports, Samsung had completed fresh pricing negotiations with some customers regarding potential rises of between 15% and 20%. Older chip designs are likely to face the highest increases.

Samsung recorded a 39% year-on-year rise in semiconductor revenue in Q1 to KRW26.9 trillion ($21 billion), apparently reaping the benefit of global component shortages. Rising prices also propelled TSMC to record revenue in the opening quarter, beating even its expectations.