Global "chip shortage" drives up consumer electronics prices Industry experts: Computers, smartphones may increase by over 20%

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(Source: Caixun)

Caixun March 20 news (Editor Liu Rui) As the global shortage of storage chips continues to be difficult to alleviate, many industry experts warn that the “chip shortage” issue is inevitably being transmitted downstream, and the prices of many consumer electronics have already surged significantly, with this trend expected to last for a long time.

Is a price surge for consumer electronics coming?

Amid the artificial intelligence boom, technology giants including Google, Microsoft, and Meta are purchasing memory chips in large quantities to support their AI centers, leading to a global shortage of storage chips, especially in the market for traditional electronic products.

“All of these artificial intelligence data centers powering various AI tools require a lot of memory, and they are now consuming memory at a high rate,” said Mike Agerbo, CEO of GetConnect, a well-known tech media personality, this week.

Given the increasing memory shortage, many industry experts predict that the prices of numerous consumer electronic products—such as laptops, tablets, and even smartphones—will rise by 20% or more.

“I expect prices to rise rapidly in the next 12 to 24 months,” predicted Dwight Dubowits from Concept Computers in North Vancouver. Dubowits has been in the computer industry for over 40 years and stated that the memory shortage is having a huge impact on the computer industry.

He stated:

Dubowits also mentioned that some local dealers are forced to lower costs by offering systems with less memory.

The “chip shortage” is difficult to alleviate in the short term.

The current “chip shortage” phenomenon has a particularly severe impact on the gaming industry. A company specializing in custom desktop computer assembly, GamerTech Toronto, reported that its spending on computer memory is now four times that of the past.

Currently, most memory chips globally are manufactured and controlled by the “three giants”—Samsung, SK Hynix, and Micron, which monopolize over 90% of the global memory market share. Experts predict that the current memory shortage may last until 2027.

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