A semiconductor industry group has issued a warning to the Trump administration, stating that any government attempt to fix the global memory chip shortage by manipulating prices or production will backfire and worsen an already historic supply squeeze. In a letter dated July 1, the SEMI industry association urged US Treasury Secretary Scott Bessent and other top officials to keep their hands off the market, Bloomberg News has reported.The group, which represents global memory giants including Idaho-based Micron Technology, alongside South Korea’s SK Hynix and Samsung Electronics, argued that political interventions will only prolong economic pain that the tech industry...