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Commodities

Memory chip prices up on rising smartphone output

Supply squeezed as manufacturers prepare for end-of-year sales

A store selling Oppo and Vivo smartphones in India.

TOKYO -- Prices of semiconductor memory chips are on the rise, as shortages that began last year are exacerbated by smartphone production entering into full swing in the summer.

NAND flash memory delivery prices for manufacturers in July stood at around $3.50, up 13% from a month earlier, for the benchmark 64 gigabit, triple-level cell type used in personal computers. "We do not receive even half of the orders we make," said the Japanese arm of Taiwanese memory module maker Transcend Information.

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