Lei Jun: AI Chip Costs Surge, Smartphone Prices Under Pressure

Will smartphone prices rise in the future? At China's "two sessions", Lei Jun, founder of Xiaomi Group, stated that the explosive growth in AI demand has triggered a sharp rise in chip prices. He said, “Our smartphone business is under tremendous pressure. We will explore all possible ways to minimize the burden on consumers."

Source: Wang Xinyuan,Li Jiexin(intern),Zhao Chenlin/ China Youth Daily