Xiaomi Corporation (OTC:XIACF) (OTC:XIACY) has attributed the rising costs of memory chips to the increased production expenses of its smartphones.Xiaomi Trims Redmi K90 Price Amid Chip SurgeXiaomi’s President Lu Weibing took to Weibo on Friday to address the issue of escalating memory chip prices, which have led to an increase in the production costs of the company’s handsets. The new Redmi K90 series, in particular, has been met with market disappointment due to its pricing, Reuters reported.The base mode ...