Automakers and retailers say US memory‑chip shortage drives price hikes

U.S. automakers and retailers have issued warnings about a memory‑chip shortage. The shortage is affecting the cost of products that rely on such chips. Manufacturers report rising prices for vehicles and electronic goods. Supply constraints stem from limited semiconductor production capacity. Companies indicate that the shortage could persist into the near term. Higher component costs are being passed on to consumers. The situation adds pressure to already tight market conditions. Industry leaders are watching for potential supply‑chain solutions.