Small IT firms in Singapore are facing longer wait times and sharply higher prices for memory and storage components, as a global chip shortage intensifies. Demand driven by AI and cloud computing is outpacing supply, with some parts now costing up to seven times more than six months ago. Businesses are delaying upgrades, opting for lower-capacity hardware or turning to second-hand equipment. Industry players warn the crunch could persist until 2028, further straining costs for computer-reliant firms. Claudia Lim reports.
