China phone makers could be squeezed by TSMC and Samsung chip price hikes amid weak consumer demandChina phone makers set to be squeezed by TSMC and Samsung chip price hikes

Smartphone makers in China, most of whom currently rely on imported chips, are expected to see rising costs as major chip foundries, including Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung Electronics rush to raise wafer prices amid a semiconductor supply crunch, analysts said.Furthermore, leading Chinese smartphone brands such as Huawei Technologies Co, Xiaomi and Oppo may find it difficult to pass these rising production costs on to consumers due to weaker demand in global…