Why Apple stock should not be in a bear market right now

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Benzinga

The Top Chip Seller Looks To Hike Prices To Beat Macro Risks

Samsung Electronics Co, Ltd (OTC: SSNLF) negotiated with foundry clients over a 20% hike for manufacturing semiconductors to beat multiple macro risks like the Ukraine crisis, lockdown in China, rising interest rates, and inflation, Bloomberg reports. The move translates into additional pressure on makers of smartphones, cars, and game consoles to lift the prices consumers pay. Contract-based chip prices are likely to rise 15% – 20%, depending upon sophistication. Also Read: Samsung Overtook Int