SAMSUNG WARNS RAM SHORTAGE WILL WORSEN IN 2024

The South Korean tech giant's memory chip division stated that current supply cannot meet customer demand. Samsung's executive Kim Jaejune told investors the shortage will extend well into 2024 as artificial intelligence infrastructure continues to consume massive quantities of RAM. The shortage has already begun rippling through consumer markets, pushing prices higher on smartphones, gaming handhelds, and computers. Data centers training and running AI models are competing aggressively for limited memory chip supplies, straining production capacity across the industry. Samsung joins other chipmakers facing the challenge of scaling production fast enough to meet AI-driven demand. The company has not outlined specific plans to alleviate the shortage, suggesting consumers and manufacturers should expect elevated RAM prices and potential supply constraints to continue well into 2024.