"It doesn't take a large production decrease to cause prices to increase dramatically," he noted.
Another major electronic component potentially impacted by the earthquake was LCDs.
Japan is no longer a major producer of LCD panels, though it still accounted for over 6 percent of the global supply last year, but it does sell a large share of components used in LCD panels, including glass, color filters, polarizers and LEDs, according the IHS iSuppli, the market research company.