Ericsson to raise telecom equipment prices as AI boom drives up component costs

Swedish telecom equipment maker Ericsson on Tuesday said the company is adjusting prices upwards for new tenders, renegotiating existing contracts, and engaging in discussions to broaden price increases as the AI boom is driving up component costs.

“The external environment continues to be rather challenging as the AI boom is driving up component costs,” outgoing president and chief executive Börje Ekholm told analysts in an earnings call.