Trade Groups Urge US to Boost Memory Chip Supply Strained by AI

A global shortage of memory chips fueled by the artificial intelligence boom poses a growing risk to industries ranging from automakers to producers of medical devices, according to a coalition of US business groups who urged the Trump administration to help increase supply of the components.

In a letter Wednesday to US Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, nine trade associations representing a range of industries warned that the memory shortage threatens to disrupt critical supply chains and is likely to raise consumer prices in the near term.

The coalition blamed the expansion of artificial intelligence ...