Global Memory Chip Shortage Threatens Higher Smartphone Prices Through 2028

Smartphone prices could face upward pressure through 2028 as a worsening global shortage of memory chips raises component costs.

The squeeze comes amid growing demand from artificial intelligence data centres, adding pressure to a memory chip market that also supplies smartphone manufacturers.

With memory becoming more expensive, phone makers face rising production costs. That could translate into higher retail prices, although the extent of any increases remains uncertain.

The shortage poses a challenge for the smartphone market over the next two years, with the outlook tied to the availability and cost of memory chips as AI-related demand continues to grow.