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Iran conflict and rising oil prices hike costs for electronics makers, Samsung and LG warn.
Samsung Display CEO Yi Chung warned that the ongoing Iran conflict and surging oil prices are increasing energy and raw material costs, threatening to raise production expenses for consumer electronics.
He cited rising memory chip prices from AI demand as compounding pressures, urging cost-cutting and industry cooperation to maintain competitiveness.
LG Display echoed concerns, noting higher chip costs are already affecting product pricing, though operations remain unaffected.
Both companies are preparing for potential supply chain disruptions amid global uncertainties.
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El conflicto en Irán y el aumento de los precios del petróleo aumentan los costos para los fabricantes de electrónica, advierten Samsung y LG.