STMicroelectronics announced its third price increase of the year on August 21. The new pricing takes effect on August 23 across multiple product lines. This move marks the third price adjustment in less than five months.
The company attributes the hike to robust demand across various industries. Rising costs for transportation, energy, and raw materials also drove the decision.
Automotive microcontroller prices have already climbed by 15% to 20%. Lead times for certain power devices now extend to 52 weeks. Other major semiconductor manufacturers are also raising prices amid industry-wide supply constraints.