China's memory exports hit a record $45.99 billion in the first quarter of 2026, a 174.2% surge year-over-year. The jump reflects booming demand from AI servers and a tightening global supply.
Memory now dominates IC exports
Memory now accounts for over 60% of China's total IC exports. Multiple billion-yuan orders were signed, with some companies tripling their export revenue.
Prices have risen dramatically since March 2025, with some categories seeing increases of up to 1000%. Spot prices for certain memory types have climbed nearly tenfold.
Prices surge up to 1000% since March 2025
The price surge is driven by overseas manufacturers prioritizing AI memory, leaving less supply for other segments. Chinese brands have gained competitiveness as the technology gap narrows.
The export boom comes amid a global memory shortage fueled by AI infrastructure buildout. Chinese memory makers are benefiting from both higher prices and increased volume.
The data confirms a strong quarter for China's memory industry, with exports nearly tripling and prices reaching new highs. The trend is expected to continue as demand from AI applications remains strong.
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