I’ve been in tech for a long time and have seen RAM shortages and price spikes before. This one’s fairly bad but they resolve in 1-3 years.
Two years remaining at least this time, according to current fab planning.
The cure for high prices is high prices.
I've been in tech for ~40 years now and I've never seen anything like this. The downstream repercussions on consumer products that have no access to cheap memory is devastating and is an extinction level event for most low-cost providers of cell phones, tvs, etc.