Why you may have to pay more for your next smartphone

Taiwanese chipmaking giant MediaTek is reportedly raising the prices for some of its smartphone chips that are in high demand.
According to GizmoChina, the 4G LTE enabled chips saw a sharp price rise since the primary focus of chipmakers is usually the 5G smartphone market. 4G chips now hold a smaller stake in the market but the demand for 4G smartphones is still high.
The company has increased prices by 15 per cent for 4G chips and 5 per cent for 5G enabled chips. The primary reason for the hike in price is due to the increased cost of production from TSMC’s foundry.
Apart from MediaTek, Qualcomm is also expected to raise the prices of its chipsets.