Samsung Display and LG Display executives said they are closely monitoring the US–Iran conflict, warning that a prolonged war could drive inflation and raise raw material costs. Industry leaders also cautioned that rising memory chip prices may increase production costs and weaken demand for display panels.
Seoul, March 12: Heads of South Korean display makers said on Thursday they are closely monitoring the potential fallout of the US-Iran war amid concerns that the Middle East conflict could trigger inflation and push up production costs.
"If the war lasts longer, the price burden of raw materials will rise significantly," Samsung Display Chief Executive Officer (CEO) Yi Chung told reporters ahead of the general meeting of the Korea Display Industry Association held in Seoul.
Inflation concerns amid global chip price surge
"While conditions are not favourable due to rising memory chip prices, the war between the United States and Iran is expected to lead to inflation, making the situation even more difficult in the second half," Yi said, reports Yonhap news agency.
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