Component supply constraints may push up phone prices, impact new launches: Industry experts
The Hindu
Trends like remote work and study-from-home during the COVID pandemic have led to an explosive growth in semiconductor demand that has placed a huge strain on global supply chains
Festive season this year is likely to see fewer launches by smartphone companies and prices of existing devices could rise by 7-10% as players are grappling with severe shortage of components, including semiconductor chips, according to industry experts.
Trends like remote work and study-from-home during the COVID pandemic have led to an explosive growth in semiconductor demand that has placed a huge strain on global supply chains around the world. Freight costs in China have also gone up significantly, putting greater stress on device makers.
China accounts for a major chunk of the components supplied for use in electronic goods in the country.
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