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If you’ve been waiting for the global memory shortage to ease anytime this year and hardware prices to drop, Intel CEO Lip-Bu Tan has some bad news. Speaking at a recent Cisco Systems conference, Tan said the crunch will likely last at least two more years.
According to Bloomberg, Tan cited information from two key players in the memory space who reportedly told him, “There’s no relief until 2028.” The timeline aligns with recent comments from Micron’s Christopher Moore, VP of Marketing for its Mobile and Client Business Unit, who said tight supply conditions are likely to linger for the foreseeable future.
The prolonged shortage is being driven largely by the explosive growth of AI infrastructure, which is soaking up memory at an unprecedented scale. With memory manufacturers increasingly focused on serving data centers and AI workloads, supply for consumer devices is being squeezed. For buyers, that could mean paying more for laptops, phones, PC components, and even TVs.
AI demand could keep your next hardware upgrade expensive
Nvidia’s next wave of AI hardware could make the situation even worse. According to Tan, the company’s latest Rubin platform will drive demand even higher. AI is going to “suck up a lot of memory,” Tan said, which could further tighten supply for consumer electronics.
For consumers, this means the pressure on hardware pricing is unlikely to ease anytime soon. Devices may continue to ship with higher price tags or more modest memory configurations unless memory supply expands significantly or demand from AI infrastructure slows. Until then, buyers may need to plan upgrades carefully or hold onto existing hardware longer than usual.
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