Taipei, Taiwan —
A global shortage in memory chips sparked by artificial intelligence has dealt a “tsunami-like shock” to the smartphone industry, pushing prices to all-time highs, according to a new report.
A worsening shortfall of memory components is expected to put phone manufacturers out of business and make smartphones more expensive than ever this year, according to the paper by the International Data Corporation, a Boston-based technology analysis firm.
“What we are witnessing is not a temporary squeeze, but a tsunami-like shock originating in the memory supply chain, with ripple effects spreading across