Chips Could Become the Next Inflation Driver

Dow Jones15:19

0719GMT - Chips could become the main driver of inflation, taking over from energy, according to HSBC economists. With oil prices falling quickly, input cost pressures from energy prices have likely already peaked, they say in a note. However, companies in Taiwan and South Korea have raised semiconductor selling prices to protect margins amid strong tech demand, showing significant pricing power. As a result, semiconductor export prices in U.S. dollars increased 18% and 37% for Taiwan and South Korea, respectively, in May, according to HSBC calculations. "This supports national income in both economies, but it also means they are exporting inflation to the rest of the world, with spot semiconductor prices still rising," the economists say. "Chip inflation could easily take over from energy as the next global inflation impulse." (sherry.qin@wsj.com)

(END) Dow Jones Newswires

July 06, 2026 03:19 ET (07:19 GMT)

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With oil prices falling quickly, input cost pressures from energy prices have likely already peaked, they say in a note. However, companies in Taiwan and South Korea have raised semiconductor selling prices to protect margins amid strong tech demand, showing significant pricing power. As a result, semiconductor export prices in U.S. dollars increased 18% and 37% for Taiwan and South Korea, respectively, in May, according to HSBC calculations. \"This supports national income in both economies, but it also means they are exporting inflation to the rest of the world, with spot semiconductor prices still rising,\" the economists say. \"Chip inflation could easily take over from energy as the next global inflation impulse.\" (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 06, 2026 03:19 ET (07:19 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2649413649","isCrawlerRequest":true}