Samsung considers hiking chipmaking prices by 20%

Bloomberg reports that Samsung Electronics is in talks with clients about hiking prices for chip contract manufacturing.

Samsung is considering raising the prices by up to 20% this year, per the report.

The move is expected to be applied from the second half of this year.

The move is part of an industry-wide push to raise prices to cover rising materials and logistics costs.

Bloomberg reports that Samsung had completed negotiations with some clients while still in discussions with others.