UK's Currys says memory chip shortage will mean price rises

Currys

Today 07:28

    LONDON, July 2 (Reuters) - Global shortages of memory chips will mean some price rises for consumer electrical products, the boss of British retailer Currys CURY.L said on Thursday.
"AI and data centres are eating up the world's supply of silicon, leaving less for the likes of mobile phones and laptops which does create availability challenges and will produce some cost price inflation," Currys CEO Alex Baldock told BBC radio.
"Inevitably there are going to be some price rises but we're in a pretty good position to dampen that as much as possible."
Baldock was speaking after Currys published full-year results.


 (Reporting by James Davey; Editing by Muvija M)
 ((james.davey@thomsonreuters.com;))