Small IT firms in Singapore are facing longer wait times and sharply higher prices for memory and storage components, as a global chip shortage intensifies. Demand driven by AI and cloud computing is outpacing supply, with some parts now costing up to seven times more than six months ago.
Small IT firms in Singapore are facing longer wait times and sharply higher prices for memory and storage components , as a global chip shortage intensifies. Demand driven by AI and cloud computing is outpacing supply, with some parts now costing up to seven times more than six months ago.
Businesses are delaying upgrades, opting for lower-capacity hardware or turning to second-hand equipment. Industry players warn the crunch could persist until 2028, further straining costs for computer-reliant firms. Claudia Lim reports. Businesses are delaying upgrades, opting for lower-capacity hardware or turning to second-hand equipment. Industry players warn the crunch could persist until 2028, further straining costs for computer-reliant firms. Claudia Lim reports.This browser is no longer supported We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
Artificial Intelligence Cloud Computing Global Chip Shortage Supply Crunch
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