Memflation is affecting India’s electronics sector due to rising prices and shortages of memory chips used in smartphones, laptops, and other electronic devices.
Memflation refers to inflation caused by shortages and rising prices of DRAM (Dynamic Random-Access Memory) and NAND (Not AND) Flash Memory chips.
The main causes are increased demand from Artificial Intelligence (AI) data centres, a shift towards High-Bandwidth Memory (HBM) production, and reduced supply of conventional memory chips.