Memory chip crunch set to drive up smartphone prices


Memory chips displayed at the Samsung Electronics Co booth at the China International Import Expo (CIIE) in Shanghai, China. Shoppers could face higher prices for phones, laptops and other gadgets next year, manufacturers and analysts warn, as AI data centres hoover up memory chips used in consumer electronics. — Bloomberg

TOKYO: Shoppers could face higher prices for phones, laptops and other gadgets next year, manufacturers and analysts warn, as AI data centres hoover up memory chips used in consumer electronics.

The world's biggest tech companies are ploughing head-spinningly huge sums into building the hardware that powers artificial intelligence tools like ChatGPT.

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