HBM Market Bulletin - Jan. 20, 2026

Last Modified

2026-01-20

Update Frequency

Monthly

Format

PDF

Driven by policy, Chinese firms accelerate HBM development to support domestic AI chips. CXMT targets advanced nodes while JHICC focuses on mature processes. Both face technical hurdles and are in early verification stages, having limited global impact but aiming for long-term self-sufficiency.

Key Highlights

Policy-Driven Growth: Driven by AI demand and policy, China accelerates HBM efforts via CXMT and JHICC to support domestic supply chains.
CXMT Targets High-End: As the capacity leader, CXMT focuses on HBM3 generations and advanced packaging. However, technical barriers and localization mandates delay mass production.
JHICC Focuses on Mature Nodes: JHICC utilizes mature processes for HBM2e. While yields have improved, the scale remains limited, serving primarily for verification and niche needs.
Long-Term Strategy: Overall, Chinese firms are in early stages with limited immediate impact on the global market, aiming primarily for long-term self-sufficiency in memory supply.