US business groups urge government to boost memory chip supply amid AI boom

📊Executive Summary
A coalition of nine US trade associations has urged the government to address a critical supply crisis in memory chips, driven by the surging demand from AI data centers. This demand is causing significant price increases and supply shortages that are impacting various industries, including automotive, consumer electronics, and medical devices. Major producers like Micron, Samsung, and SK Hynix are prioritizing high-bandwidth memory for AI applications, leading to reduced availability for essential manufacturing sectors. The article highlights the urgent need for policy intervention to balance production and mitigate the negative effects on other industries....
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