Geopolitical risks affecting the tech industry! Samsung Display CEO warns: Rising oil prices will increase the cost pressure for devices like iPhones

LootboxPhobia · 2026-03-12T08:35:34+00:00

Samsung Display CEO said Thursday that the Iran conflict and soaring oil prices could drive up energy and raw material costs, putting greater pressure on the tech industry, with raw material prices expected to rise significantly. Samsung Display mainly supplies display panels to Apple and Samsung Electronics.

LootboxPhobia

2026-03-12 08:35:34

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Bloomberg News has learned that Samsung Display, which supplies screens for Apple (AAPL.US) and Samsung Electronics (SSNLF.US), announced on Thursday that the conflict in Iran and soaring oil prices could drive up energy and raw material costs.

Samsung Display President and CEO Chung Yi pointed out that the technology industry is already facing a surge in chip prices, with costs for smartphones, PCs, and other electronic products continuing to rise. The rapid increase in oil prices makes the situation worse, further intensifying industry challenges.

He stated, “Rising oil prices will also lead to higher prices for raw materials.” He mentioned that many raw materials, such as films, are refined from crude oil.

“If this transmission occurs, it is expected that the cost burden will significantly increase.”

It is understood that Samsung Display is a subsidiary of Samsung Electronics, mainly producing flat-panel displays used in Apple iPhones, MacBooks, and Samsung Electronics’ own smartphones.

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