BT Warns of Smartphone Price Hikes Due to AI-Driven Chip Shortages

BT warns of smartphone price rises due to chip shortages from AI boom

Telecoms company CEO says tech firms are buying up memory chips to power datacentres relied on by AI Business live – latest updates BT has said the cost of smartphones could rise as technology companies buy up semiconductor chips because of the boom in artificial intelligence, putting pressure on supply chains. The telecoms company’s chief executive, Allison Kirkby, said she was anticipating shortages as tech firms bought large quantities of memory chips to power the datacentres relied on b...

By Joanna Partridge