Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Tech Magnates Warn AI Boom Exacerbates Memory Chip Woe
Recommend 5 Positive 6 Negative 3 |
||||
|
||||
|
Tech industry leaders, including Tesla (TSLA.US) CEO Elon Musk and Apple (AAPL.US) CEO Tim Cook, are warning of a brewing global crisis as memory chip shortages begin to impact profits and disrupt corporate planning, Bloomberg reported. This has shored up prices for a range of products from laptops and smartphones to cars and data centers, with supply tensions expected to deteriorate. The root cause of the memory chip supply strain is the wave of construction of artificial intelligence (AI) data centers. NVIDIA (NVDA.US) AI chips require a large amount of high-bandwidth memory (HBM), squeezing the available capacity in the memory chip industry, resulting in severe shortages for traditional sectors such as mobile phones and PCs. Even before AI magnates fully launch their massive data center construction plans, memory chip supply has been increasingly tight, with prices soaring. LENOVO GROUP (00992.HK) Chairman and CEO Yang Yuanqing had previously noted that the supply tension is expected to last at least until the end of this year, with the structural imbalance between supply and demand not being a short-term fluctuation. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
