The AI memory squeeze is about to hit Europe’s shopping baskets
The AI memory squeeze has been an industry story for months. Now it is heading for the till. Currys, Britain’s biggest consumer electricals retailer, has warned that phones, laptops and TVs will cost more later this year.
Chief executive Alex Baldock delivered the warning to reporters after the company posted its annual results, as Reuters reported. AI and data centres, he said, are eating up the world’s supply of silicon. Shoppers will feel it.
The high street catches up
Currys is a useful bellwether. It is the UK’s answer to Best Buy, with stores across the UK, Ireland and the Nordics. That scale gives it a clear read on where consumer prices are heading. And the read is not reassuring.
“Less is left over for the likes of mobile phones and laptops,” Baldock said. That, he added, “inevitably will cause availability challenges and some cost price inflation coming through...
Copyright of this story solely belongs to thenextweb.com. To see the full text click HERE
