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Story summary
- Xiaomi will raise prices on smartphone models by about 200 yuan ($29), effective next Saturday, due to higher memory chip costs.
- The increase affects three models, following hikes by Oppo, Vivo, and Honor in March.
- Lu Weibing, Xiaomi president, says memory prices surged nearly fourfold in the past year.
- The move reflects a broader electronics trend, driven by supply constraints and demand from artificial intelligence and data centers.
