Global chip sales hit $120.6bn in May 2026, up 9.2% month-over-month, putting the industry on track for its first $1tn year. Memory costs, not processor demand, are driving hyperscaler capex now, much of it financed with debt rather than cash.
SIA reports global semiconductor sales hit a record $120.6 billion in May 2026, the highest monthly total on record and the 15th straight month of growth amid AI infrastructure demand. Source
