New Delhi, March 12 -- The global shortage of memory chips is largely being driven by the rapid rise in artificial intelligence (AI) workloads, which has significantly increased demand for advanced memory solutions, according to Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA) and SEMI India.

Speaking to ANI, Chandak said the strong demand for AI-related applications is pushing global semiconductor companies to prioritise the production of advanced memory chips.

"My view is the memory chip shortage is mainly because of the increased demand for AI workloads. AI workloads require advanced memory chips, including HBM or high bandwidth memory chips," he said.

According to him, the surge in demand has s...