Enterprise storage vendor CEO says semiconductor component procurement costs have surged 4x to 10x; product prices raised 70%, with more increases possible

Everpure says key semiconductor input costs have jumped 300% to 900% in the past year.

The company has raised product prices by an average of 70% and may hike them again.

AI-driven demand and ongoing supply constraints are keeping chip costs elevated.

The trend could keep enterprise storage and other hardware prices high for years, pressuring IT budgets.