Automakers, retailers warn memory chip shortage impacting prices

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 US 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 US supply chains.”