Chip Shortage is Expected to Cause Major Price Hikes on Gadgets and Other Tech Products

 chip shortage., Samsung, LG, Intel, The Wall Street Journal, Bernstein Research., Financial Times, The Washington Post

(Photo : Pixabay/ranjatm) Chip shortage

Chip shortage began in 2020 during the peak of the coronavirus pandemic. This could push up the prices of tech items such as printers, laptops, and tablets, and it is threatening to do the same to other devices, including smartphones.

Chip Shortage’s Effect on Tech Price

Suppliers are now affected by the shortage of the key materials needed in chip-making as the industry rushes to meet the constantly rising demand for devices and fix the supply holes.

As a result, many of the large chip makers are now raising the prices on the brands used for making computers and other gadgets. Industry officials say that the increases may continue.

The issue has now trickled down to the consumers. Prices of popular brands of some laptop computers have increased over the past two months, among other electronics becoming more expensive at retailers.

A laptop that is made for video gamers and is made by ASUSTek Computer Inc. has increased its price from $900 to $950 on Amazon, according to Keepa, a site that tracks product prices.

Meanwhile, at the beginning of June, the popular HP Inc. Chromebook increased from $220 to $250.

HP has increased its PC prices by 8%, according to The Wall Street Journal, while printer prices by more than 20% in a year.

HP Chief Executive Enrique Lores stated that component shortages drive the increases and that the company may adjust prices further to reflect cost increases, according to Bernstein Research.

Appliances Also at Risk

South Korean tech giant Samsung stated that the chip shortage is now hitting television and appliance production. Meanwhile, LG admitted that the shortage also poses major problems for the company.

Ben Suh, the head of Samsung‘s investor relations, told CNBC that they are also experiencing some effects, especially around certain set products and display production, because of the global semiconductor shortage.

Suh added that they are discussing with retailers and major channels about supply plans so that they can allocate the components to the products that have more urgency or higher priority in terms of supply.

Koh Dong-Jin, Samsung’s co-chief executive and mobile chief, said a serious imbalance in the supply and demand of chips in the IT sector. As a result, the company said that it might skip the next Galaxy Note smartphone launch.

According to the Financial Times, LG said that it is closely monitoring the situation as no manufacturer can be free of the problem if it gest prolonged.

Like the technology used in washing machines and smart toasters, even low-margin processors are by the chip shortage. While most retailers can still get their hands on these products now, they may face issues in the next few months.

The dog-washing businesses are also affected, according to The Washington Post. CCSI, the company that makes electronic dog-washing booths in the Illinois village of Garden Prairie, was told by its circuit board supplier that the chips are not available.

Despite this, tech companies remain hopeful, with numerous companies investing in their own chip plants. One example is Intel that announced back in March that it will spend $20 billion to build two chip plants in Arizona.

Written by Sophie Webster

News Related

OTHER NEWS

[GadgetBattle] DJI Mavic Air 2 vs. DJI Air 2S Spec-by-Spec Comparison: Which Small Drone Suits You Better

DJI Mavic Air 2 and DJI Air 2S are two of the mid-range drones of the China-based tech giant. (Photo : by LOIC VENANCE/AFP via Getty Images) A DJI logo ... Read more »

Leaseweb Global expands its footprint in Canada with cloud hosting acquisition

Cloud services company Leaseweb Global is expanding its presence in the North American region by acquiring one of Canada’s popular cloud hosting providers. Founded in 1996 and previously part of ... Read more »

Halo Infinite impresses on Xbox Series X, as older consoles suffer

For those of you who’ll be playing Halo Infinite on anything other than an Xbox Series X/S (or PC), it seems the game doesn’t run so well on last-gen Xbox ... Read more »

Google's new Nest Cams and Doorbell keep recording even if Wi-Fi and power are out

Google has announced four new smart home cameras as it moves its home security offering into its second generation. The new product line-up includes the Nest Doorbell, Nest Cam, Nest ... Read more »

Google Nest Doorbell (battery) release date, price, and everything you need to know

The best video doorbells are a great way to ensure you never miss a delivery again, as they let you converse with whoever’s on your doorstep through your smartphone, even ... Read more »

Best Nintendo 3DS games: the most essential 3DS releases

On the hunt for the best Nintendo 3DS games? This guide is for you. The 3DS is now a whole decade old. Which means it might not be the latest ... Read more »

You can save big on the new Samsung Galaxy S21 at Verizon, Sprint and AT&T with these offers

— Recommendations are independently chosen by Reviewed’s editors. Purchases you make through our links may earn us a commission. If you’re on the hunt for a new phone, there are ... Read more »

Data privacy in China: Zhejiang province proposes rule to ‘destroy' personal data collected during emergencies

China’s eastern province of Zhejiang, which is leading the country in applying big data technology to administration, has drafted rules stipulating that personal data collected during a public emergency should ... Read more »

Elon Musk confirms his book is being written by Steve Jobs' biographer

For quite a while now Elon Musk has been talking about writing a book or a book on his life. Now, the Tesla CEO has revealed that the book is ... Read more »

Developers love Rust and Svelte, dread Angular and IBM Cloud, Stack Overflow

Credit: Dreamstime For coders younger than 18 years of age, online resources like videos and blogs are more important for learning the craft than books and school combined, according to ... Read more »

Microsoft details Windows 365 virtual desktop prices

Credit: Microsoft Microsoft has launched its Windows 365 service, revealing US-based prices for the virtual desktops that range between US$20 and $162 per user per month. In July, Microsoft announced ... Read more »

Steadfast review

Besides being known for its passion for sports, Chicago is famous as the hometown of Steadfast, a web hosting company recognized for its innovative, managed IT infrastructure services and all-inclusive ... Read more »

The best iPhone 12 Mini deals for August 2021

You’ll find all of this week’s best iPhone 12 Mini deals all neatly laid out just below, including our top picks and recommendations for those looking for that perfect pocket-sized ... Read more »

Lionel Messi's 'The Messiverse' NFT Collection is Now Official

Lionel Messi, one of the most popular faces in the field of international football, has officially launched his “Messiverse” NFT (non-fungible token) collection. The Argentine legend has joined forces with ... Read more »

Xbox Ultimate Game Sale ends today - hurry to save up to 80%

It’s the final day of the Xbox Ultimate Game Sale, which means you’ve only got a matter of hours to snag yourself a saving on everything from recent blockbuster releases ... Read more »

How to watch The Suicide Squad: stream new DC movie online from today

After David Ayer’s critically panned Suicide Squad in 2016, viewers were probably happy for DC’s villainous misfits to remain behind bars. Five years later, though, and Guardians of the Galaxy ... Read more »

GPU voodoo: could 3dfx really be coming back from the dead?

It looks like 3dfx, or at least the people who now own the name of the retro GPU maker, is insisting that it’s coming back from the dead, releasing an ... Read more »

NSA, CISA release Kubernetes hardening guidance following Fancy Bear attacks

Credit: Dreamstime Earlier this week, the National Security Agency (NSA) and the Cybersecurity and Infrastructure Security Agency (CISA)  issued a joint document entitled Kubernetes Hardening Guidance. Kubernetes is an open-source ... Read more »

The best iPhone 12 Pro Max deals for August 2021

If you’re looking for the most premium Apple device on the market, let us help you out with some handy recommendations for this week’s best iPhone 12 Pro Max deals. ... Read more »

38% of Europe's Electricity Is from Renewable Sources: What can the US Learn from them?

(Photo : 38% of Europe’s Electricity Is from Renewable Sources: What can the US Learn from them?) It may have been overlooked due to the emerging COVID-19 pandemic at the ... Read more »

It's official, the gold medal-winning Windows 11 feature is...

The best feature of Windows 11’s big redesign is the new rounded corners the interface sports, or that’s the result of a recent vote. The Twitter account for the Windows ... Read more »

London firm FintechOS secures $10M from IFC, a member of the World Bank

The World Bank claims that 1.7 billion people all over the world are unbanked. To better serve those who are financially excluded, financial institutions are investing in technology as part ... Read more »

HP Pavilion Aero 13 notebook launched in India with AMD Ryzen 5000 Series CPUs: All you need to know

HP just dropped a new AMD powered laptop in India in the form of the Pavilion Aero 13. The HP Pavilion Aero 13 is a thin and light notebook that ... Read more »

The best free stock videos in 2021: high quality videos for your projects

A few well-placed excerpts of free stock videos can really bring projects to life, regardless of whether they’re for presentations, websites or your own home-made videos.  Although finding the right ... Read more »

Best 120Hz 4K TVs for next-gen gaming

After the best 120Hz 4K TVs? You’re in luck – as the relatively small number of them in the market makes it exceedingly easy to pick out the best 120Hz ... Read more »

(2nd LD) KT&G Q2 net falls 16 pct on strong won

(ATTN: CHANGES headline and lead; REWRITES throughout) SEOUL, Aug. 5 (Yonhap) — KT&G Corp., South Korea’s dominant tobacco company, said Thursday its second-quarter net profit fell 16 percent from a ... Read more »

Vodafone Idea shares slump 24% as Kumar Mangalam Birla

BENGALURU: Shares of India’s Vodafone Idea tumbled as much as 24%, a day after the troubled telecom operator’s board accepted billionaire-industrialist Kumar Mangalam Birla‘s request to step down as non-executive ... Read more »

‘Beyond Good & Evil 2' release date: Ubisoft may have canceled its PS4 and Xbox One versions

From a trailer of “Beyond Good & Evil 2” | Photo credit: Ubisoft North America / YouTube screenshot Despite the scarcity of updates about the “Beyond Good & Evil 2” ... Read more »

Tencent's WeChat resumes new user registrations in China

Tencent Holdings’ WeChat has resumed registrations of new users in mainland China, after suspending them last month to upgrade its security technology. The resumption of new user registrations on China’s ... Read more »

Sony posts Q1 profit jump on pandemic demand for devices and content

Sony Corp raised its earnings outlook and reported a jump in first-quarter operating profit on Wednesday as pandemic-led demand boosted sales of PlayStation 5 consoles, TVs, cameras, music and movies. ... Read more »

Your favorite snipping tool is also seeing a redesign on Windows 11

Alongside Paint seeing a redesign in Windows 11, the snipping tool is also being refreshed to make it look similar to the newest upgrade from Microsoft, alongside some layout changes. ... Read more »

Google's 'anti-competition' practice under scanner in South Korea

Seoul: South Korea’s antitrust regulator said it will hold its final review of whether Google LLC abused its market dominance in the mobile operating system and app markets.Since 2016, the ... Read more »

ByteDance to close some tutoring operations after clampdown: Sources

BEIJING: TikTok owner ByteDance told employees it planned to lay off staff in its education business and close some of its tutoring operations, after China imposed sweeping regulations on the ... Read more »

Amazon Great Freedom Festival sale: iPhone 12, OnePlus 9R and other smartphones selling at a discount of up to Rs 11,000

Amazon Great Freedom Festival sale has started and as part of it, the e-commerce giant is offering deals and discounts across products. When it comes to smartphones, there is a ... Read more »

London-based open banking startup Armalytix helping SMEs improve financial planning bags £1.25M funding

The open banking platform from London, Armalytix transforms the way firms interact with their clients. Now, the company announced that it has closed a £1.25 million funding, which brings the ... Read more »

Zoom rival from UK, Hopin grabs $450M Series D at $7.75B valuation, becomes Europe's fastest-growing startup

Hopin, a leading London-based virtual and hybrid experiences platform, has raised $450M in Series D funding co-led by new investors Arena Holdings and Altimeter Capital. New and existing investors including, ... Read more »

Best 4K movies: the most stunning flicks on Ultra HD Blu-ray

The best 4K Ultra-HD Blu-ray movies can give you an experience that’s the closest thing you can get to having a movie theater in your living room. In fact, we’d ... Read more »

Xiaomi expected to debut its under-the-screen camera tech with Mi Mix 4

Days after Oppo revealed its new-gen under-the-screen cameratech, Xiaomi is set to debut its own in a mainstream device. The company is expected to show off its tech in the ... Read more »

Intel Leak: Thunderbolt 5 Might Reach Fast Data Transfer As High as 80Gbps

Intel’s Thunderbolt 5 might already be in development, according to the previous image from an Intel official. The now-deleted post revealed that the upcoming Thunderbolt cable will feature high-speed transfer ... Read more »

Microsoft pauses Windows 365 free trial programme after overwhelming response

Microsoft recently announced the prices of Windows 365, its Cloud PC service. However, the software giant has had to pause the free trial programme for Windows 365 only a day ... Read more »