A severe global shortage of memory chips is creating a competitive landscape in the artificial intelligence and consumer electronics sectors, as supplies dwindle and prices for components that allow devices to store data rise.
Major technology companies, including Microsoft, Google, and ByteDance, are striving to secure supplies from memory chip manufacturers like Micron, Samsung Electronics, and SK Hynix.
Japanese electronics stores have begun limiting the number of hard drives shoppers can purchase, while Chinese smartphone manufacturers are warning of price increases.
The repercussions of this crisis may extend beyond the technology sector, experts warn.
