Xiaomi India announced continued smartphone price increases through late 2026, citing both the global chip shortage and rising costs from AI features that require more memory. The warning comes as Xiaomi and Huawei unveil new foldable phones featuring proprietary chips in competition with Apple.
ChangXin Memory Technologies has started risk production of advanced HBM3E memory chips and shipped LPDDR6 chips for Xiaomi's 18 Fold device, marking significant breakthroughs for China's domestic memory chip industry despite remaining behind industry leaders Samsung and SK hynix.
ChangXin Memory Technologies announced it has begun mass production of LPDDR6 memory chips, beating Western competitors to market with the technology debuting in Xiaomi's upcoming folding smartphone. The milestone comes as CXMT reports nearly tenfold revenue growth amid AI-driven memory demand.
A global memory chip shortage is squeezing smartphone manufacturers, with Samsung reporting a 211% jump in memory prices and Xiaomi posting its third consecutive quarterly profit decline of 43%. The crisis is driving up production costs and shrinking margins across the industry.
