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Samsung Considers 20% Chip Price Hike

Samsung Electronics is looking into raising the price of semiconductors by up to 20 per cent.

The South Korean chipmaker is currently in negotiations with its clients to implement the hike, according to Bloomberg, who note this is part of a industry-wise push to cover rising logistics and material costs.

According to insiders, contract-based chip prices will rise 15-to-30 per cent across the industry, while those built on legacy nodes would rise even steeper.

Samsung is the world’s largest memory chip maker.

Kang Moon-soo, senior vice president of Samsung, said its foundry business is growing.

“If you look at our order book for the next five-year period, the (total) orders are around eight times our previous year’s revenue,” he said.

“We expect our order book to continue to grow.”

The new pricing will be implemented from the second half of this year, and will no doubt be passed along to customers.

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