Electronics are set to get even more expensive as chip giants hike their prices

Products that rely on semiconductors are set to get even more expensive as chip foundries prepare to increase their prices, according to analysts. The worlds biggest foundries — including Taiwan Semiconductor Manufacturing Company, Samsung and Intel — are considering further price hikes, analysts told CNBC. "Foundries have already increased prices 10-20% in the past year," Bain semiconductor analyst Peter Hanbury told CNBC. "Similarly, the labor required to build new semiconductor facilities has also seen shortages and increased wage rates." TSMC warned clients for the second time in less than a year that it plans to raise prices, Nikkei Asia reported last Tuesday, citing people briefed on the matter.