A highest-capacity, high-bandwidth 16-High HBM3E memory chip from SK hynix is seen at this studio photograph in San Francisco, California, Aug. 6, 2025. Reuters-Yonhap

The global memory chip market is expected to more than quadruple this year from a year earlier, driven by growing investment in artificial intelligence (AI) infrastructure, industry data showed Friday.

The global memory market is projected to reach 1,500 trillion won ($975 billion) in 2026, up 4.2 times from 360 trillion won recorded last year, according to data from industry tracker Counterpoint Research.

The sharp growth is attributed to surging demand for server memory products, including dynamic random-access memory (DRAM) and NAND flash memory, as tech companies, particularly in North America, ramp up investments in AI infrastructure.

Server memory products are expected to account for 56 percent of total memory revenue this year, up from 37 percent in 2025, surpassing the halfway mark for the first time.