By Che Pan and Brenda Goh<\/p>\n
BEIJING (Reuters) -Chinese smartphone manufacturer Xiaomi (1810.HK<\/a>, XIACF<\/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 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<\/a> applications has tightened supply of conventional chips used in smartphones<\/a>, personal computers and servers, sharply increasing their cost and boosting earnings for makers of NAND and DRAM such as South Korean duo Samsung Electronics and SK Hynix.<\/p>\n ($1 = 7.1230 Chinese yuan renminbi)<\/p>\n (Reporting by Che Pan and Brenda Goh; Editing by Christopher Cushing)<\/p>\n","protected":false},"excerpt":{"rendered":"By Che Pan and Brenda Goh BEIJING (Reuters) -Chinese smartphone manufacturer Xiaomi (1810.HK, XIACF) on Friday said surging…\n","protected":false},"author":2,"featured_media":142899,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[257],"tags":[84625,18,84626,19,17,80702,279,84624,82,5316],"class_list":{"0":"post-142898","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"tag-chinese-yuan","9":"tag-eire","10":"tag-gb-memory","11":"tag-ie","12":"tag-ireland","13":"tag-memory-chips","14":"tag-mobile","15":"tag-president-lu-weibing","16":"tag-technology","17":"tag-xiaomi"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115429614704881457","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/142898","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=142898"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/142898\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/142899"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=142898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=142898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=142898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}