Have you heard of the global RAM shortage? You have likely been focused on rising gas and food prices, but the price of RAM could be important for you too. RAM is used in your computers, cell phones, and many other smart devices. So what’s going on with the RAM shortage and why might it affect you? Let’s talk.
What is RAM?
RAM is an acronym for random access memory. RAM is essentially temporary storage for data that the computer is preparing to use. As I said in the intro, a number of devices need RAM. While we often associate RAM with desktop and laptop computers, you can find RAM in so many devices like Smart TVs, printers, and digital cameras.
Why is there a RAM shortage?
With AI development on the rise, the demand for RAM in AI dedicated computing devices and data centers has increased to unprecedented levels. RAM manufacturers are now shifting their focus to supply larger scale operations like Google or Open AI. That means that the average consumer has fewer products and options available. For example, the company Micron Technology is a major supplier of RAM, and they are ending direct to consumer sales under the Crucial brand name.
What does the RAM shortage mean for me?
If you are looking to upgrade your computer yourself, you now have fewer options to do so. When you are able to purchase RAM, you will find much higher prices. Further, any product that requires RAM will start to become more expensive as well. As manufacturers pay the higher cost, you can be sure they will pass that additional cost on to you the consumer. Some are expecting the shortage to last through 2027, while others are forecasting this will last for 4 or even 5 years.
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