Samsung Warns: Global Memory Shortage to Hit Entire Tech Sector

A senior Samsung executive has issued a warning that the global memory chip deficit is set to reverberate throughout the entire technology sector, inevitably driving up retail prices. According to the company, no manufacturer will remain untouched by the fallout of this supply chain crisis.

In a recent conversation with Reuters, Samsung co-CEO TM Roh highlighted that the ongoing volatility in the DRAM and NAND markets will have a direct and significant impact on the global marketplace.

Roh noted that the scarcity will affect a diverse array of products, ranging from smartphones and consumer electronics to household appliances and television sets.

Samsung anticipates that price adjustments are imminent. The company is currently engaged in high-level discussions with its partners to develop long-term strategies aimed at navigating the crisis, though specific measures and timelines have not yet been disclosed.

These warnings from Samsung mirror a broader trend within the industry, as a growing number of manufacturers openly acknowledge the mounting pressure on production costs caused by the shortage of essential hardware components.

Source: iXBT.games