Automakers, retailers warn memory chip shortage impacting prices


WASHINGTON, June 3 (Reuters) – 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.”

(Reporting by ​David Shepardson)



Source link

  • Related Posts

    Carney says latest Trump tariffs ‘not a surprise’ after U.S. promises new 10% levy on Canada

    Listen to this article Estimated 4 minutes The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review…

    Where the House redistricting battle stands heading into 2026 midterms

    It’s been a long six weeks for Democrats in the redistricting wars. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. By the end…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    How virtual power plants could provide energy for data centers

    How virtual power plants could provide energy for data centers

    Ascension: Lord of the Rings kicks off a crowdfunding campaign in July

    Ascension: Lord of the Rings kicks off a crowdfunding campaign in July

    Aritzia Is Having an Incredible Sale—21 Chic Picks That Scream It Girl

    Aritzia Is Having an Incredible Sale—21 Chic Picks That Scream It Girl

    Minister won’t say when he ordered audit of Indigenous languages office

    Minister won’t say when he ordered audit of Indigenous languages office

    Carney says latest Trump tariffs ‘not a surprise’ after U.S. promises new 10% levy on Canada

    Carney says latest Trump tariffs ‘not a surprise’ after U.S. promises new 10% levy on Canada

    Mark Carney tackles U.S. trade irritants with strategic policy announcements

    Mark Carney tackles U.S. trade irritants with strategic policy announcements