UBS: Expects High-Bandwidth Memory Demand to Grow 90% YoY in 2026 and 77% in 2027

Odaily reported that UBS stated, as demand for artificial intelligence (AI) continues to grow and negotiations for long-term supply agreements (LTAs) are ongoing, the memory chip market cycle is "further strengthening", with a structural supply shortage expected to last at least until mid-2028.

UBS forecasts that total revenue for the memory chip industry in 2026 will reach $992 billion. By 2027, this figure is expected to nearly double to $1.76 trillion. The primary driver of this growth is High-Bandwidth Memory (HBM), a type of DRAM dedicated to AI accelerators such as NVIDIA's GPUs. UBS predicts that HBM demand will grow 90% year-over-year in 2026, reaching approximately 33.1 billion Gb. In 2027, demand is expected to grow by another 77%, reaching about 58.7 billion Gb. (Data from Jinshi)