It's great to be among the very few companies that have a product that the world can't seem to get enough of. Memory chips are heading into super cycle territory as insatiable demand from AI companies has led to supply shortages. This is wonderful news for companies like Samsung who make memory chips, as the shortage means they can push prices higher. Samsung has reportedly hiked its memory chip prices by a whopping 60%.Some customers have started panic buying memory chipsReuters is reporting that Samsung has raised prices of some memory chips by up to 60% compared to September 2025. The price increase follows a decision by Samsung to delay the pricing announcement for supply contracts in October. Pricing is typically confirmed each month but Samsung is taking longer to accurately price its products amid the shortage, which is primarily caused by the race to build out AI data centers across the globe. The report mentions that Samsung's contract prices for the 32GB DDR5 memory chip has increased from $149 in September to $239 in November. Prices for the 16GB and 128GB DDR5 chips are also said to be up by nearly 50%. These chips are used in servers and computers.The supply shortages are apparently so severe that some companies are panic buying at these high prices so stockpile memory chips as the shortages are only expected to intensify in the near future. The rising prices will also have a trickle down effect on other devices that use memory chips, such as smartphones, with some manufacturers already indicating that they may need to hike prices of phones.While Samsung hasn't commented on the report, it rarely does in matters that concern semiconductor pricing, the company did confirm last week that it's building a new chip production line at its massive plant in South Korea.The post Samsung has a product everyone wants, so it hiked up the price by 60% appeared first on SamMobile.