World’s largest chipmaker to raise prices, threatening costlier electronics

Source: Fox Business

“The world’s largest contract chipmaker is raising prices by as much as 20%, according to people familiar with the matter, a move that could result in consumers paying more for electronics. Taiwan Semiconductor Manufacturing Co. plans to increase the prices of its most advanced chips by roughly 10%, while less advanced chips used by customers like automakers will cost about 20% more, these people said. The higher prices will generally take effect late this year or next year, the people said. … The price increases come in the wake of a global semiconductor shortage that has affected Apple and most car makers, including General Motors Co. and Toyota Motor Corp. In August, GM said it had to idle three factories in North America that make large pickup trucks, the company’s biggest moneymaker. Last week, Toyota said it would curb production by 40% in September.” (08/26/21)

https://www.foxbusiness.com/technology/world-largest-chipmaker-raise-prices-threatening-costlier-electronics