UK’s Currys warns memory chip shortage will push up prices

LONDON: Higher prices for smartphones, laptops and other electronics are inevitable later this year due to a global memory chip shortage, the boss of Currys, Britain’s biggest consumer electricals ‌retailer, warned on Thursday.

Chief ⁠Executive ⁠Alex Baldock said AI and data centres were eating up the world’s supply of silicon.

“Less (is) left over for the likes of mobile phones and laptops and that inevitably will cause availability challenges and some cost price inflation coming through later this year,” he told reporters after Currys published annual results.