It is caused as chipmakers pivot to producing an advanced type of computer memory in demand to help train AI. Read more at straitstimes.com. Read more at straitstimes.com.

AI data center demand is fueling a multi-year chip shortage, pushing up component costs and retail device prices.

Prices for electronic devices reliant on advanced memory chips, from smartphones to gaming consoles, have risen as the AI data-center buildout tightens supply and drives component…