AI Likely to Support China's Semiconductor Self-Sufficiency Push
Dow Jones15:03
0703 GMT - China's semiconductor self-sufficiency drive is expected to gain momentum as AI demand fuels investment in advanced chips, memory and manufacturing capacity, Goldman Sachs says in a report. GS forecasts China's semiconductor capital spending to reach $82 billion by 2030, up 79% from previous estimates, as companies expand advanced-node and memory production. It projects China's 7nm-and-below chip supply gap to narrow to 34% by 2035 from 92% in 2025. In memory, CXMT is expected to supply 50% of China's DRAM demand by 2028, supported by capacity expansion and improving yields. China's DRAM market is forecast to grow at a 50% annual rate through 2028, driven by AI servers and high-bandwidth memory demand, it says.
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