Samsung Monitor CEO warns: Oil price impact caused by Iran war will bring cost pressure.

Chung Yi, CEO of Samsung Display, said on Thursday that the Iran war and soaring oil prices could push up energy and raw material costs. The company is a supplier to Apple and Samsung Electronics. Chung Yi said that the rapid rise in oil prices is exacerbating the challenges faced by the technology industry, which is already struggling with the increase in chip prices and rising costs for smartphones, computers, and other electronic devices. He told Reuters, "When oil prices rise, the prices of these raw materials will also rise," pointing out that many raw materials such as films are made from crude oil. "Once it becomes a reality, the expected cost burden will be significantly increased," he said.