Top contract chip maker Taiwan Semiconductor Manufacturing (TSMC) said on Tuesday it may start charging more for its higher-end chips as a result of the higher production costs, inflation and oil prices. "Average selling prices have been falling and profits have been under pressure, and we have to work together to create value," Jason Chen, a company vice president in charge of global sales and marketing, told a TSMC technology symposium. He specified that price changes would be mostly for chips made by advanced process technology, but did not say how big they would be or when they would occur. It's also unclear whether this will reflect on prices of the next generation NVIDIA video cards. As you may know, TSMC currently produces most of the GeForce graphics processors. "We face some structural profit pressure. In the short term, we also face pressure from inflation and oil prices," Chen said. Continue reading the full story here.