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flag Iran conflict and rising oil prices hike costs for electronics makers, Samsung and LG warn.

flag 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. flag He cited rising memory chip prices from AI demand as compounding pressures, urging cost-cutting and industry cooperation to maintain competitiveness. flag LG Display echoed concerns, noting higher chip costs are already affecting product pricing, though operations remain unaffected. flag Both companies are preparing for potential supply chain disruptions amid global uncertainties.

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