Syrma remains upbeat on FY27 after stellar June quarter

Over the past six quarters, the cost of memory chips, which account for 15% to 30% of electronics bills of materials in automotive, defence, consumer and other industries, has risen exponentially. On 28 July, an industry note by the consultancy firm Deloitte said that prices of memory chips used in artificial intelligence servers had doubled in Q1FY27 and could increase fourfold over the previous fiscal by the end of FY27.