China's Semiconductor Market Projected to Reach $812 Billion in 2026, Memory Chips Jump 262.9%

According to Omdia's latest Q2 2026 forecast, China's semiconductor market is projected to reach $812.08 billion in 2026, representing a 92.9% year-over-year increase, driven by large-scale AI infrastructure deployment. The computing and storage segment is expected to grow 126%, accounting for 62.9% of the total market.

Memory chip market size is projected to surge 262.9% to $449.6 billion, capturing 55.4% of the overall market share, as AI cloud and edge inference demand intensifies supply constraints.

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