What does Valve say about chip prices driving Steam Machine costs?

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Valve says chip prices and component costs are behind the Steam Machine price

Valve says the rising cost of memory chips is a key reason the Steam Machine will cost more than US$1,000. It sets the entry-level version at US$1,049 and links that figure to the “state of the world for manufacturing,” specifically the prices of components Valve secured over the past six months. Valve also says high demand for the chips has created a shortage that affected how many units it could produce for launch.
Valve ties the US$1,049 price to manufacturing conditions and component costs
Valve states that the entry-level Steam Machine will be priced at US$1,049 because memory chip costs are “exploding.” It says the pricing reflects the state of the world for manufacturing, “or, more accurately,” the price of the components Valve secured over the past six months.
Memory chip costs are described as rising sharply
Valve points to the broader jump in memory chip pricing, noting that prices for those chips have more than tripled over the last year or so. It also connects those chips to the wider global AI data centre boom, where they are also used.
Chip demand created a shortage affecting launch production
Valve adds that high demand for the chips has created a shortage. It says this shortage “has impacted the number of units we’ve been able to produce for launch,” tying the hardware constraints to the same chip cost and availability pressures.

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What does Valve say about chip prices driving Steam Machine costs?

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