On March 5, as reported by the China Youth Daily, Lei Jun, a delegate to the National People's Congress and the Chairman & CEO of Xiaomi Group, addressed concerns regarding potential price increases for Xiaomi's terminal products following a surge in storage costs. He noted that the explosive growth in AI demand over the past year has triggered a significant spike in memory chip prices, exerting immense pressure on Xiaomi's smartphone operations. Lei Jun underscored that Xiaomi is actively exploring diverse strategies to mitigate the impact on consumers and minimize the challenges they face in accepting potential price adjustments.
