Xiaomi has locked in memory chip supplies for all of 2026 through a dedicated procurement agreement, according to company President Lu Weibing. The smartphone maker expects steep retail price increases as artificial intelligence demand drives up costs for high-bandwidth memory across global supply chains, creating what Weibing characterized as an extended pricing cycle unlike previous mobile industry fluctuations.
The manufacturer likely secured components from major suppliers, including Samsung, SK Hynix, Micron, Kioxia, Western Digital, or Chinese firms YMTC and CMXT, though Weibing declined to specify the contracting partner. Xiaomi previously offered substantial discounts on its Redmi K90 series while warning that storage cost escalation would persist beyond initial projections.
Market conditions are intensifying as NVIDIA adopts smartphone-grade LPDDR chips for AI servers to reduce power consumption, further straining already limited memory availability for handset manufacturers.
The manufacturer likely secured components from major suppliers, including Samsung, SK Hynix, Micron, Kioxia, Western Digital, or Chinese firms YMTC and CMXT, though Weibing declined to specify the contracting partner. Xiaomi previously offered substantial discounts on its Redmi K90 series while warning that storage cost escalation would persist beyond initial projections.
Market conditions are intensifying as NVIDIA adopts smartphone-grade LPDDR chips for AI servers to reduce power consumption, further straining already limited memory availability for handset manufacturers.
