The soaring demand for memory chips driven by artificial intelligence is leading to significant shortages that are affecting various industries, including automotive and smartphone production. This phenomenon, dubbed 'chipflation', triggers rising prices and prompts companies to redesign their products.

As the global race for AI moves forward, a shortage of memory chips has begun to drive up prices of consumer electronics and may lead to product shortages.

AI prompts a memory-chip boom - and electronics inflation. Get used to it. - SiliconANGLE