As iPhone 8 looms, firms scramble to lock up memory chip supply


  • TECH
  • Wednesday, 21 Jun 2017

In recent years, electronics makers have typically built up inventory during the first half to avoid being squeezed by Apple, which generally unveils its latest iPhone model in September.

SEOUL: Global electronics makers are scrambling to stock up on memory chips to keep production lines running as Apple Inc's new iPhone 8 launch later this year threatens to worsen a global squeeze on supply. 

While heavyweights such as Apple and Samsung Electronics Co Ltd – which is also the world's top memory chip maker – will not be seriously hit, industry sources and analysts say some electronics makers are paying a premium to lock into longer-term contracts.

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