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Samsung CEO warns of higher phone, TV, and gadget prices.
The global shortage of memory chips is great news for Samsung’s semiconductor business, but bad news for its consumer electronics business. Co-CEO T M Roh speaking to Reuters:
“As this situation is unprecedented, no company is immune to its impact,” Roh said, adding that the crisis affects not only mobile phones but other consumer electronics, from TVs to home appliances. He did not rule out raising product prices, saying some impact was “inevitable.”
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