Samsung hikes memory chip prices up to 60% amid worsening shortage

Imagine computer parts called memory chips are like rare building blocks.

Lots of companies are trying to get these blocks to build big computer brains for Artificial Intelligence.

Because so many companies want them, there aren't enough blocks to go around.

Samsung, a big maker of these blocks, has made them much more expensive, sometimes up to 60% more than before!

This is because the demand is super high.

These chips are used in servers, which are like powerful computers for businesses, and also in phones and regular computers.

So, if the chips get more expensive, the things those chips go into might also become more expensive.

Some companies are even buying up extra blocks because they are worried there won't be enough later.