AI Surge Drives Chip Prices Up: Automakers Warn of Rising Costs Ahead

Global memory prices are on the rise, driven by demand for the DRAM (dynamic random access memory) that computers need to function. AI datacenters continue to flourish across the globe, stripping supply from the consumer electronics sector. Prices for build-it-yourself PC parts have risen in step with this, and other sectors have quickly begun to follow. Tesla CEO Elon Musk and Ford's Chief Financial Officer, Sherry House, have warned that segments like automotive and consumer technologies will...