Why memory is key element to the AI revolution

Industry Overview - The global memory market achieved record revenue of $170 billion last year, with DRAM generating approximately $97 billion and NAND contributing around $68 billion [3] - The memory industry is projected to reach $200 billion in revenue this year, with DRAM and NAND expected to account for about $129 billion and $65 billion respectively [4] AI Impact - Artificial intelligence is significantly influencing the memory market, serving as a central growth engine for the sector [5] - Long-term memory capabilities are crucial for AI growth, enabling systems to recognize patterns and make predictions based on historical data [2] Competitive Landscape - The memory industry is experiencing unprecedented revenue highs despite increasing complexity and competition [5] - Chinese companies like ChangXin Memory Technologies and Yangtze Memory Technologies are intensifying global competition amid export controls and localization efforts [5] - YMTC is planning to expand into DRAM chip manufacturing, highlighting China's urgency to enhance its advanced chip production capabilities following U.S. export controls [6]