Global memory shortage opens billionaire doors
The article discusses the shortage of Random Access Memory (RAM) that has caused prices to soar by up to 400% since the beginning of 2024. This surge has led to higher costs for assembling computers and electronic devices. Chinese memory technology company Changxin has benefited from this crisis, becoming the fourth-largest semiconductor chip manufacturer in the world with an 8% market share. It has also transformed into one of the biggest companies in China, with a market value increasing by more than 500%. The company is headed by Zhou Yiming, who has a net worth of approximately $13.9 billion. The article explains that rising memory costs are negatively impacting the electronics and gaming markets, and the crisis is expected to continue until at least 2027, with predictions that it may extend beyond that.
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