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)



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