Technology
Automakers, retailers warn memory chip shortage impacting prices
Key Points
Automakers, retailers warn memory chip shortage impacting prices 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...
Automakers, retailers warn memory chip shortage impacting prices
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."