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AI is gobbling up the world’s memory chips, sending smartphone prices to record highs, report says
A global shortage in memory chips sparked by artificial intelligence has dealt a “tsunami-like shock” to the smartphone industry, pushing prices to all-time highs, according to a new report.
Shares of Micron (Nasdaq: MU) are up 3.3% right before the market opens. Shares of SanDisk (Nasdaq: SNDK) are up slightly ...
New report offers dire outlook for the 2026 smartphone market due to the current memory chip crisis, except iPhone might ...
Memory now accounts for 35% of the materials required to build a PC, up from roughly 15%–18% previously. Chief financial officer Karen Parkhill said memory costs increased roughly 100% sequentially ...
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