Automakers, retailers warn memory chip shortage impacting prices
FILE PHOTO: Automobiles drive in heavy traffic along the Long Island Expressway in the Queens borough of New York, U.S., November 20, 2018. REUTERS/Shannon Stapleton/File Photo
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WASHINGTON, June 3 : The drastic shift of memory chips to artificial intelligence data centers could lead to dramatic price hikes in consumer goods and disrupt supply chains, groups representing automakers, retailers, electronic firms and others said Wednesday.
The Alliance for Automotive Innovation, National Retail Federation, Medical Device Manufacturers Association, NCTA—The Internet & Television Association and others said in a letter to the U.S. Treasury and Commerce departments that “an urgent imbalance in the market for memory chips could lead to significant and sustained near-term price increases for American households and disrupt critical U.S. supply chains.”
Source: Reuters
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