As iPhone 8 looms, firms scramble to lock up memory chip supply | Reuters
By Se Young Lee | SEOUL SEOUL Global electronics makers are scrambling to stock up on memory chips to keep production lines running as Apple Inc's (AAPL.O) 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 (005930.KS) - 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.Others are placing orders earlier than before to ensure their perilously low inventories do no dry up completely."After the supply shortages emerged we brought forward our procurement decisions ...
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| Reuters appeared first on Firstpost.