Home » Business » Electronics and cars will become more expensive. The largest contract chip manufacturer will increase prices by up to 20 percent

Electronics and cars will become more expensive. The largest contract chip manufacturer will increase prices by up to 20 percent

According to sources, the company is going to increase the prices of the most advanced chips by ten percent. The less advanced ones used by car customers will cost about 20 percent more.

The new prices will come into force at the end of this year or the beginning of next year. Consequently, higher prices should also affect the customers themselves. In addition, the costs are quite logically reflected in the final prices of their products by individual manufacturers.

Chips will be missing next year as well

In July, the company said that the shortage of chips for cars will gradually alleviate from this quarter. However, he expects that the general shortage of these key components is likely to last until next year.

According to analysts, the shortage of chips, which began to manifest itself before the end of last year, was partly due to the fact that car manufacturers for the covidu-19 pandemic misjudged demand. It worsened as electronics manufacturers placed more orders to purchase microchips, as working from home supported the rapid growth in sales of computers and related equipment.

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