Samsung Display CEO warns: soaring oil prices will increase the cost burden on the technology industry

(1) Samsung Display CEO Chung Yi stated on Thursday that the Iran war and soaring oil prices may drive up energy and raw material costs. The company is a supplier for Apple and Samsung Electronics. (2) Chung Yi pointed out that the rapid rise in oil prices is exacerbating the challenges faced by the technology industry, which is already struggling with rising costs for phones, computers, and other electronic devices due to surging chip prices. (3) He said that when oil prices increase, the prices of many raw materials derived from crude oil, such as films, also rise. If this becomes a reality, the cost burden is expected to increase significantly.