Nvidia supplier Micron Technology said an ongoing memory chip shortage has accelerated over the past quarter and reiterated that the crunch would last beyond this year due to a surge in demand for high-end semiconductors required for AI infrastructure.

¡°The shortage we are seeing is really unprecedented,¡± Micron Executive Vice President of Operations Manish Bhatia said in an interview shortly after the chipmaker held a groundbreaking ceremony for a $100 billion production site outside Syracuse, New York, on Friday, amplifying a similar forecast the company provided in December.

High-bandwidth memory required to make artificial-intelligence accelerators is ¡°consuming so much of the available capacity across the industry that it¡¯s leaving a tremendous shortage for the conventional side of the industry, for phones or PCs,¡± Bhatia said.