Part of the chip market has been going bananas. Prices for memory chips – used in their multi-millions by data centres – have rocketed, as US tech companies lock in massive orders. That’s bad news for consumers facing more expensive electronic devices. But how will the chip squeeze end? And, as memory chips become a strategic commodity, how are the US and China looking to secure supply? Host Soumaya Keynes is joined by Dan Kim, chief strategy officer at TechInsights and former chief economist at the CHIPS Program Office at the US Department of Commerce. ► Enjoying FT content? Get a daily slice of the very best FT journalism with FT Edit. Free for 30 days then just £4.99 a month See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132. ► Check out our Community tab for more stories: https://www.youtube.com/@FinancialTimes/community ► Listen to our podcasts: https://www.ft.com/podcasts ► Follow us on Instagram: https://www.instagram.com/financialtimes ► Follow us on Instagram: https://www.tiktok.com/@financialtimes