Smartphones and laptops may soon become more expensive, and a main reason is the rapid growth of artificial intelligence (AI). Technology companies are running low on memory chips. Memory chips are important parts that help smartphones, computers, cars and AI data centres work. Experts say this shortage of memory chips could last until at least 2027.

The biggest reason for the memory chip shortage is the strong demand from AI. AI needs a lot of advanced memory to process information very quickly. Companies are building large AI data centres and buying more memory chips, which means there are fewer chips left for everyday devices like phones and laptops.

Because of this, the price of making smartphones and laptops may go up. Smaller phone and computer makers may struggle the most, as they cannot easily handle higher costs. As a result, people may have to pay more for new devices in the future.