RAMageddon: AI-driven memory crunch squeezes global and Indian technology firms

Artificial intelligence needs many special computer memory chips to work.

Chipmakers are making more of these AI-focused chips, leaving fewer chips for ordinary computers and phones.

Because there are fewer regular memory chips, their prices have risen sharply.

Some memory prices have increased several times since the shortage began.

Companies that make computers, phones, servers and AI systems are paying more.

They are responding by signing long-term supply deals, raising prices and building more facilities.

Indian technology companies are also facing higher infrastructure and hardware costs.

The shortage may continue because new chip factories take years and billions of dollars to build.