The AI boom is driving up the cost of everyday electronics, a phenomenon dubbed 'chipflation'. Memory chip prices have surged dramatically, impacting everything from smart TVs and smartphones to kitchen appliances. Manufacturers are diverting chip production to AI infrastructure, leading to scarcity and price hikes for consumers. This could significantly slow down upgrades for budget-conscious buyers, with global smartphone shipments expected to hit a decade low.
The AI boom is driving up the cost of everyday electronics, a phenomenon dubbed 'chipflation'. Memory chip prices have surged dramatically, impacting everything from smart TVs and smartphones to kitchen appliances. Manufacturers are diverting chip production to AI infrastructure, leading to scarcity and price hikes for consumers. This could significantly slow down upgrades for budget-conscious buyers, with global smartphone shipments expected to hit a decade low.