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Memory Prices Rise; MIIT to Take Multiple Measures to Ensure Stable Industry and Supply Chains
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Amid recent increases in memory prices that have triggered price adjustments for smartphone end products, Xie Cun, spokesperson of the Ministry of Industry and Information Technology (MIIT) and Director-General of the Information and Communications Development Department, responded at a State Council Information Office press conference that the MIIT will take multiple measures to support the development of the memory industry and ensure the stability of industry and supply chains. Xie noted that the ministry will encourage domestic and foreign enterprises to increase investment and enhance production capacity, while supporting stronger coordination between terminal manufacturers and memory companies to broaden diversified supply channels. At the same time, it will maintain market order through various measures, guide memory companies to strengthen channel management, and cooperate with relevant authorities to crack down in accordance with the law on market-disrupting activities such as hoarding and profiteering. (ta/da) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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