Woofun AI data shows that Omdia revised its 2026 forecast for China's semiconductor market upward to $812.08 billion, representing a 92.9% year-on-year increase driven by AI infrastructure development. The computing and storage segment is projected to grow by 126%, capturing 62.9% of the application market share.

Storage chip demand is expected to skyrocket by 262.9% to $449.6 billion, accounting for 55.4% of the market due to tight supply for AI cloud and edge inference. Logic chips, analog ICs, and microcontrollers are also forecast to grow significantly. Conversely, the wireless communication sector's market share is expected to drop from 30.43% to 26.63% despite a 68.8% absolute scale increase.