Item 1 of 2 A customer uses a Xiaomi smartphone at a Xiaomi store in Beijing, China June 21, 2018. REUTERS\/Jason Lee<\/p>\n
[1\/2]<\/b>A customer uses a Xiaomi smartphone at a Xiaomi store in Beijing, China June 21, 2018. REUTERS\/Jason Lee Purchase Licensing Rights, opens new tab<\/a>BEIJING, Oct 24 (Reuters) – Chinese smartphone manufacturer Xiaomi (1810.HK), opens new tab<\/a> on Friday said surging memory chip prices have raised the cost of making handsets, after pricing of its new Redmi K90 series drew market disappointment.<\/p>\n “Cost pressure has transferred to the pricing of our new products,” President Lu Weibing wrote on Weibo. “Rising costs of memory chips are far beyond expectations and could intensify.”<\/p>\n Sign up here.<\/a><\/p>\n Xiaomi launched its entry-level Redmi K90 on Thursday with the base model, equipped with 12 GB of memory and 256 GB of storage, priced from 2,599 yuan ($364). That compared with 2,499 yuan for the base model of predecessor K80 series launched in November 2024.<\/p>\n Lu noted consumer disappointment about price gaps between configurations. He said Xiaomi will lower the price of the most in-demand K90 model – with 12 GB memory and 512 GB storage – by 300 yuan to 2,899 yuan for the first month of sales.<\/p>\n A global rush for chips for use in artificial intelligence applications has tightened supply of conventional chips used in smartphones, personal computers and servers, sharply increasing their cost<\/a> and boosting earnings for makers of NAND and DRAM such as South Korean duo Samsung Electronics (005930.KS), opens new tab<\/a> and SK Hynix (000660.KS), opens new tab<\/a>.<\/p>\n ($1 = 7.1230 Chinese yuan renminbi)<\/p>\n Reporting by Che Pan and Brenda Goh; Editing by Christopher Cushing<\/p>\n Our Standards: The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n Purchase Licensing Rights<\/a><\/a><\/p>\n Brenda Goh is Reuters\u2019 Shanghai bureau chief and oversees coverage of corporates in China. Brenda joined Reuters as a trainee in London in 2010 and has reported stories from over a dozen countries.<\/p>\n","protected":false},"excerpt":{"rendered":"Item 1 of 2 A customer uses a Xiaomi smartphone at a Xiaomi store in Beijing, China June…\n","protected":false},"author":2,"featured_media":142429,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[257],"tags":[2786,82703,82499,36586,8535,84335,82500,53515,82995,82795,82529,82710,82702,18,82578,19,17,279,82565,84336,1309,84337,82510,84338,753,82,82999,30150,84334],"class_list":{"0":"post-142428","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"tag-asia","9":"tag-asxpac","10":"tag-bact","11":"tag-biz","12":"tag-chip","13":"tag-cmpelc","14":"tag-cmpny","15":"tag-cn","16":"tag-coms","17":"tag-cprod","18":"tag-destoustcm","19":"tag-destseabs","20":"tag-easia","21":"tag-eire","22":"tag-emrg","23":"tag-ie","24":"tag-ireland","25":"tag-mobile","26":"tag-mtpix","27":"tag-phne","28":"tag-phones","29":"tag-prdlch","30":"tag-publ","31":"tag-semi","32":"tag-tech","33":"tag-technology","34":"tag-teeq","35":"tag-tmt","36":"tag-topicworld-china-slug"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115428462647570999","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/142428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=142428"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/142428\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/142429"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=142428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=142428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=142428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}