The current AI surge is anticipated to boost both the memory and wafer foundry sectors to record-breaking revenues by 2026, based on TrendForce's recent data. Limited supply and rapidly increasing prices are likely to grow the memory market's total worth to $551.6 billion. Meanwhile, the global foundry market is also expected to reach a new peak of $218.7 billion, but the memory industry's scale will have more than doubled that of wafer foundries.

A new memory supercycle: Demand resilience and pricing power far stronger than in 2017
The previous memory supercycle from 2017 to 2019 was primarily driven by cloud data center expansions and resulted in a significant gap between memory and foundry revenues.