Memory chip squeeze to lift smartphone prices 20-30% through 2026, IESA warns
India Electronics & Semiconductor Association president flags no relief in memory prices for 12-18 months as Micron India capacity runs fully booked. Smartphone and PC retailers face 20-30% input cost inflation, with ISM 2.0 incentives (expected above prior $10B) too distant to ease near-term shelf prices.
IESA warns memory chip prices will stay elevated for 12-18 months due to no new capacity, pushing smartphone prices up 20-30%. Micron India capacity fully booked. ISM 2.0 expected to exceed prior $10B incentive.