Source: Front Page Tech What you need to know iPhone suppliers are warning of major price increases. One supplier to TSMC, which makes all of Apple’s iPhone and iPad chips, says it has had to double its prices. It has also warned that there are more hikes to come. A company that supplies materials to Apple’s iPhone chip supplier has warned of major price increases it has already had to implement, and possible future hikes too. The warning comes from Japanese chemical supplier Showa Denko K.K., which says that it expects to raise its prices even further ” as it grapples with a barrage of economic challenges confronting the $550 billion semiconductor industry.” Bloomberg reports that there have been “at least a dozen hikes already this year” because of COVID-19 disruption and the war in Ukraine, as well as the fall of the yen. In an interview this week, the company’s CFO warned the problem is unlikely to get better until next year: Chief Financial Officer Hideki Somemiya told Bloomberg News in an interview. The situation is unlikely to significantly improve until at least 2023, he added. Somemiya said the company “has been forced to drastically increase the cost it… Read full this story
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