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Global Memory Market Expected to Hit 150 Trillion Won This Year, Fueled by AI Boom
๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Economy & Trade

Global Memory Market Expected to Hit 150 Trillion Won This Year, Fueled by AI Boom

From Chosun Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • The global memory market is projected to reach 150 trillion won this year, a more than fourfold increase from last year.
  • This surge is driven by escalating investments in artificial intelligence infrastructure, particularly in North America.
  • The market's expansion reflects the rapid growth of AI-related hardware demands.

The global memory market is poised for explosive growth this year, with projections indicating a market size of 150 trillion won. This represents a staggering increase of over four times compared to last year's 36 trillion won. The primary driver behind this boom is the massive surge in investments for artificial intelligence infrastructure, predominantly centered in the North American market.

This rapid expansion underscores the critical role memory chips play in the current AI revolution. As AI technologies become more sophisticated and integrated into various sectors, the demand for high-performance memory components continues to skyrocket. The market's trajectory suggests a significant shift, with AI infrastructure development becoming a key determinant of memory market performance.

The outlook highlights a substantial opportunity for memory manufacturers and suppliers. The escalating demand necessitates increased production and innovation to meet the evolving needs of AI development. This trend is expected to reshape the competitive landscape within the semiconductor industry, favoring companies that can effectively cater to the specialized requirements of AI hardware.

DistantNews Editorial

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.