Apple chief executive Tim Cook has blamed the US memory-chip manufacturer Micron for forcing the tech giant to aggressively increase product prices in late June, drawing a sharp counter-accusation from the supplier.

Weeks after Micron warned AI demand would keep memory markets tight for years, Apple raised prices and Samsung forecast blockbuster profits.

Apple chief executive Tim Cook has blamed the US memory-chip manufacturer Micron for forcing the tech giant to aggressively increase product prices in late June, drawing a sharp…