Memory crunch: Chinese tablet makers Xiaomi and Honor raise prices as chip costs surge

Chinese tablet makers, including Xiaomi and Honor, have raised prices across their product lines as they scrambled to absorb soaring costs of memory chips. Xiaomi, the Beijing-based smartphone and electric vehicle maker, has imposed mark-ups of 100 yuan (US$14) to 300 yuan on several tablet products this week, including its entry-level Redmi Pad 2 and the premium Xiaomi Pad 8 series. The Redmi Pad 2, launched in June this year with a starting price of 999 yuan, now carries a price tag of 1,199...