BT CEO Allison Kirkby warns the AI boom is driving demand for semiconductor chips, potentially leading to shortages and price hikes for smartphones and other electronics. Tech firms are buying large quantities of memory chips for AI data centers, impacting supply chains.
Chip shortages and demand from AI enthusiasts are both playing a part.
Apple is experiencing prolonged shortages and shipping delays for Mac mini and Mac Studio models, which CEO Tim Cook attributes largely to unexpectedly strong demand for AI and agentic tools. Cook noted on the Q2 2026 earnings call that supply constraints, particularly on advanced manufacturing nodes, are affecting availability, though the company still reported strong overall revenue growth.
Apple's iPhone revenue jumped 22 percent to $57 billion over the past few months, despite supply chain issues impacting the device's processor. During an interview with Reuters, Apple CEO Tim Cook said iPhone "demand was off the charts" but added that there's "a little less flexibility in the supply chain at the moment for getting […]
