The AI Boom Is Making Memory Chips Much More Expensive, Impacting Laptop And Smartphone Prices

Source: International Business Times

The price increases are beginning to affect consumer electronics manufacturers as companies including Meta, Microsoft and Google parent Alphabet commit to long-term agreements that secure memory supplies for their expanding AI data centers. Getty Images Artificial intelligence spending is driving an unprecedented surge in memory chip prices, increasing costs for smartphones, laptops and cloud computing as major technology companies secure supplies years in advance. Prices paid by U.