TV will become expensive
TV Costly from January: The rising cost of memory chips and falling value of rupee against dollar is now going to be heavy on the pockets of Indian customers. There is a news regarding TV, the appliance found in every home, that may increase your concern.
Due to rising cost of memory chips and devaluation of rupee, television prices may increase by three to four percent from January next year. The rupee value has recently crossed the 90 per dollar mark for the first time. The rupee depreciation has put the industry in a vulnerable position as the domestic value addition in an LED TV is only about 30 per cent and key components such as open cells, semiconductor chips and motherboards are imported. Apart from this, this problem is also related to memory chip crisis. The huge demand for high-bandwidth memory (HBM) for AI servers here has led to a severe global shortage, causing prices of all types of memory (DRAM, Flash) to skyrocket.
Chip prices increased by up to 500 percent
TV manufacturing company Super Plastronics Pvt Ltd (SPPL), which holds licenses for global brands including Thomson, Kodak and Blaupunkt, said memory chip prices have increased by up to 500 per cent in the last three months.
Crisis increases due to focus on high profit AI chip
Chip manufacturing companies are focusing on high-profit AI chips, reducing supply for traditional appliances like TVs. Haier Appliances India President N S Satish told PTI that the prices of LED TV sets will increase by three per cent due to memory chip shortage and weak rupee. Some TV manufacturers have already informed their dealers about the possible increase in prices.
Seven to 10 percent increase in television prices is possible – SPPL
According to SPPL Chief Executive Officer (CEO) Avneet Singh Marwah, television prices may increase by seven to 10 percent from January due to the impact of memory chip crisis and rupee devaluation.
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