Overview
- President Lu Weibing said consumers should expect a sizeable rise in smartphone retail prices next year.
- Xiaomi has signed a dedicated contract to secure adequate memory chip supplies for all of 2026, with the supplier undisclosed.
- The company expects steep procurement costs and plans to offset part of the burden through price increases.
- Lu cited a long upcycle driven primarily by AI-related demand for HBM, as memory makers prioritize data centers over phones.
- Analyst reporting indicates NVIDIA’s shift to LPDDR in AI servers could further tighten supply and push server-memory prices higher into late 2026.