Taipei, Taiwan  —  A global shortage in memory chips sparked by artificial intelligence has dealt a “tsunami-like shock” to the smartphone industry, pushing prices to all-time highs, according to a new report. A worsening shortfall of memory components is expected to put phone manufacturers out of business and make smartphones more expensive than ever this … The post AI is gobbling up the world’s memory chips, sending smartphone prices to record highs, report says appeared first on Egypt Independent .