The 14th National People's Congress (NPC), China's top legislature, opened its fourth session on Thursday morning (March 5) at the Great Hall of the People in Beijing.
Lei Jun, the founder and chairman of Xiaomi and a deputy to the 14th NPC, addressed concerns regarding the impact of skyrocketing memory chip prices on smartphone costs during an interview at the Two Sessions.
He acknowledged the surge in demand for AI, which has led to a severe shortage of memory chips and significantly driven up prices. Despite the immense pressure on the smartphone industry and related sectors, Lei emphasized that various solutions would be explored to reduce the burden on consumers.
Related News:
(Video) Two Sessions 2026 | Lei Jun discusses 'five-year plan': Cars, ecosystems, robotics
Comment