MediaTek may raise chip prices by 15%

Taipei: 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.