Xiaomi may raise its smartphone prices in 2026 as the global memory market undergoes a major shift that is driven by rising demand for artificial intelligence hardware. The company’s most recent Q3 2025 financial report describes a tightening supply environment, with memory manufacturers increasingly shifting production to data-center components, a trend that is already raising the cost of smartphone memory.

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Xiaomi Group President Lu Weibing stated that the industry is entering a more challenging period, with the financial burden on smartphone manufacturers increasing next year. “The pressure we will face in 2026 is considerably heavier than what we’ve seen this year,” he said. The statement hints that memory suppliers are moving towards AI

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