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AI Is Gobbling Up Memory Chips, Pushing Smartphone Prices Higher According to Bloomberg, a severe global memory chip shortage has gripped the technology industry in 2026. Fueled by the explosive growth of artificial intelligence, the shortage has sent chip prices sharply higher and disrupted nearly all categories of everyday electronic products. AI giants including Google and Microsoft are expanding data centers at a fierce pace, demanding massive supplies of HBM (high-bandwidth memory), a speci