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Memory chips now account for 50%-55% of semiconductor industry revenue, up from roughly 20%-30% historically, according to Susquehanna analyst Mehdi Hosseini.
Hosseini said Wednesday that memory has become the industry's new "king" as AI data centers demand more of it. He called memory the "primary driver" of semiconductor revenue growth, with total industry revenue on track to reach roughly $1.5 trillion this year.
The AI spending boom is no longer just about processors from Nvidia Corp. (NASDAQ:NVDA). Data centers also need huge amounts of DRAM to feed those chips with data and NAND to store it.