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Global smartphone shipments are projected to fall 2.1% in 2026 as increasing chip costs affect consumer demand, according to a Tuesday report from technology research firm Counterpoint.
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Memory chip crunch set to drive up smartphone prices
That's driving up memory chip prices, which in turn is turbocharging revenue for the firms that produce them such as South Korea's Samsung and SK hynix, and Micron and SanDisk in the United States.
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