Skyrocketing costs for memory will jack up smartphone prices — Chinese manufacturer Xiaomi warns of higher prices for new devices by editors@tomshardware.com (Kunal Khullar) from Latest from Tom's Hardware on 2025-10-25 12:52 (#710JA) Xiaomi President Lu Weibing stated in a social media post that the rising costs of memory chips are far beyond expectations and could intensify further.