Business

Why the Memory Crunch Is Almost Impossible to Solve

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The last thing President Trump wants is another hit to consumers’ pocketbooks. But there is little policymakers can do to quickly address the memory-chip shortage behind

Apple’s

 decision to raise prices.

Only a handful of companies make memory and storage chips, and it takes years to build new factories. Three industry titans—Samsung Electronics

005930

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-2.34%

decrease; down pointing triangle

, SK Hynix and Micron Technology MU 8.70%

increase; up pointing triangle

—dominate the business of memory chips, also called DRAM. They are using much of their capacity to serve the fast-growing artificial-intelligence industry, squeezing consumer-technology companies.

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