Driven by AI and general servers, industry value grows robustly. Despite geopolitical risks and custom chip delays, NVIDIA and AMD's push for premium integrated racks significantly boosts average prices. Meanwhile, advanced packaging and high-bandwidth memory remain in tight supply, with liquid cooling officially becoming the mainstream standard.

Key Highlights

• Market Momentum: Strong demand for AI and general servers drives record industry value. Despite geopolitical risks and ASIC development hurdles, server shipments remain highly resilient.
• Vendor Rivalry: With NVIDIA's certain lines restricted or delayed, Blackwell dominates. Both NVIDIA and AMD are pushing high-value integrated racks, while Google leads cloud providers in expanding in-house ASICs.
• Cooling Revolution: Surging power consumption accelerates liquid cooling adoption, transitioning it from an optional feature to a mainstream standard.
• Component Bottlenecks: Advanced packaging and high-bandwidth memory face tight supply and rising prices due to massive demand. Enterprise storage is also undergoing massive capacity upgrades.

Table of Contents

1. Analysis of the Market for Mainstream AI Chips
   • Overview of the World’s Major AI Chip Suppliers and Their Offerings
   • Upward Revision to Shipment Share of Mid-to-Low-Range AI Chips in 2026
2. Analysis on Dynamics of AI Server Market
3. Dynamics of Global Market for AI Servers 
   • Shipment Share of AI Servers Is Expected to Increase in 2026
4. Analysis of AI Server Shipments by Major AI Chip Category
   • Market Share of Products Featuring ASICs Is Expected to Rise in 2026
5. Analysis of AI Server Shipments by Major AI Chip Suppliers
   • Shipment Share of Servers with CSPs' ASICs and Chips Belonging to "Others" Is Projected to Climb in 2026
6. Trends in the AI Server Cooling Market
   • Overall Penetration Rate of Liquid-Cooling among AI Chips to Further Increase in 2026
7. Outlook on AI Enterprise SSD Market 
8. Projections on Demand for AI Servers and HBM
   • Demand Bit for HBM from AI to Continue to Rise throughout 2026
   • Analysis on Supply of HBM for AI Servers
   • Projected Changes to Prices of HBM Mostly Adopted by AI Servers
9. Key Observations on Dynamics of AI Server Industry
   • Projected Distribution of Demand for TSMC’s CoWoS Capacity among Major Clients

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