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Economy News

The Economic Times

Economy / The Economic Times

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No relief in memory prices visible over next 12-18 months, says IESA president

Memory prices are set to rise for consumers. No major new production capacity is expected in the next 18 months. This will lead to higher costs for devices like smartphones. The ongoing West Asia crisis also impacts raw material availability for electronics. India Semiconductor Mission 2.0 aims to boost the local chip ecosystem and reduce import reliance.

20 May 2026 3:28 pm