Home United States USA — IT Xiaomi phones might get a price hike due to chip shortage

Xiaomi phones might get a price hike due to chip shortage

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Despite their absence in the US market, Xiaomi’s phones, including those from its Redmi sub-brand, have been popular and notorious for their dirt-cheap prices
Despite their absence in the US market, Xiaomi’s phones, including those from its Redmi sub-brand, have been popular and notorious for their dirt-cheap prices despite near-flagship features. Those prices have indeed risen over the years along with other smartphones but Mi and Redmi phones have remained considerably cheaper than their peers. That might not last long, though, and not simply because of the rise in component prices but especially because of the global shortage in chip supplies. Due to a combination of factors, many of them stemming from the COVID-19 pandemic last year, the demand for semiconductors, specifically chips used in consumer electronics, has far outstripped manufacturers’ ability to supply these.

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