LONDON--(BUSINESS WIRE)--Apr 24, 2026--
Omdia has significantly raised its semiconductor revenue forecast for 2026 to 62.7%, again reflecting unprecedented growth in DRAM and NAND driven by sustained demand and ongoing supply shortages expected to persist through the year. The DRAM market is forecast to nearly double in value, while the smaller NAND segment could quadruple compared to 2025.
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Supply constraints in conventional memory IC supply are being exacerbated by the industry’s focus upon High Bandwidth Memory (HBM) production, which delivers lower volumes but commands significantly higher prices. Strong enterprise and data center demand will continue to shape the 2026 market outlook, with meaningful supply relief unlikely until well into 2027.
Enterprises are implementing a major server refresh cycle in 2026, coinciding with exceptional levels of hyperscaler capital expenditure. Organizations are accelerating the retirement of legacy hardware to support more demanding workloads, creating a significant market opportunity given the scale of installed systems. At the same time, there is a clear shift toward higher-value system designs built on next-generation silicon and advanced connectivity. This trend combined with the ongoing components shortage will push average selling prices upward.
Computing and data storage will lead all segments in semiconductor revenue growth, rising 90% year-on-year in 2026 to exceed $700bn. This is due to strong demand for data center servers and other memory–intensive applications, alongside elevated memory IC pricing.
As previously reported, consumer electronics and wireless applications also present a positive outlook for semiconductor revenue growth in 2026. While smartphone unit shipments are expected to remain relatively flat, semiconductor revenues will increase due to higher memory pricing, significantly raising overall bill of materials (BOM) costs. The market will see multiple flagship launches in addition to the usual model updates. This will include a range of a new wave of foldables, and feature-rich models incorporating AI-enabled capabilities such as advanced photography. Meanwhile, smart watches and fitness and wellness wearables are also projected to deliver meaningful revenue growth.
Looking Ahead
“Supporting the progression of AI beyond simple Q&A use cases has exponentially increased demand for memory and processing ICs, fueling semiconductor industry revenues overall,” said Myson Robles-Bruce, Senior Principal Analyst at Omdia. ”However, questions remain around how quickly suppliers can scale capacity and output of supply, and longer term, which applications will generate sufficient return on investment to justify the current levels of capital expenditure in AI.”
Aside from the macroeconomic pressures, such as tariffs, energy costs, and geopolitical tensions, the industry also faces risks associated with the amount of capital being allocated to AI infrastructure. Current semiconductor revenue growth is being driven primarily by higher average selling prices rather than unit shipment volumes. While similar dynamics have been observed in past cycles such as crypto mining and previous memory super cycles, the scale and breadth across the industry are unprecedented.
Omdia will continue to monitor market developments over the coming quarters and refine its 2026 baseline forecast accordingly.
ABOUT OMDIA
Omdia, part of TechTarget, Inc. d/b/a Informa TechTarget (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets grounded in real conversations with industry leaders and hundreds of thousands of data points, make our market intelligence our clients’ strategic advantage. From R&D to ROI, we identify the greatest opportunities and move the industry forward.
Greatest market contributors to semiconductor revenue growth in 2026
SINGAPORE--(BUSINESS WIRE)--Apr 24, 2026--
PixVerse, a global AI video generation platform, is partnering with the UN AI for Good Global Summit 2026. Returning for the second consecutive year, PixVerse will be hosting a workshop on the latest developments in AI video generation and supporting the AI for Good Film Festival. Creators worldwide are invited to submit AI video works for a chance to showcase their stories on the UN stage in Geneva, Switzerland this July.
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The AI for Good Global Summit is the United Nations' largest and highest-level AI conference, held annually since 2017. Bringing together government representatives, international organizations, and leading technology companies from more than 150 countries and regions, the Summit explores how AI can advance the UN Sustainable Development Goals. The AI for Good Film Festival, held within this framework, has become one of the most influential platforms for AI-driven creative storytelling globally.
This year's participation builds on an established relationship: in 2025, PixVerse was recognized at the AI for Good Global Summit as an Outstanding Case in the Innovate for Impact Use Case collection, and subsequently joined the United Nations University Global AI Network. At this year's Summit, PixVerse will host a workshop on the latest developments in AI video generation and their applications, and will sponsor creator awards through the AI for Good Film Festival, inviting submissions from creators worldwide.
Making Expression Accessible
Professional video production has historically demanded significant resources — technical expertise, equipment, and production budgets that remain out of reach for most individuals and small organizations. PixVerse's platform enables anyone to generate cinematic-quality video from a text prompt or image, with no prior experience required. In doing so, it directly supports SDG 9 (Industry, Innovation and Infrastructure) by rebuilding the video creation pipeline through AI, and SDG 10 (Reduced Inequalities) by ensuring that professional creative tools are accessible regardless of geography, income, or technical background.
"Video is one of the most powerful ways humans tell stories," said Jaden Xie, Co-Founder of PixVerse. "What we are building at PixVerse is a platform that aims to remove those barriers, so that anyone, regardless of background or resources, can bring their story to life."
Creators Who Are Already Telling Those Stories
The impact of that access is visible in PixVerse's global community. In Spain, Daria Grin, a housewife with no formal media training, used PixVerse's character consistency tools to produce animated short films with coherent characters across multiple scenes. Her work has accumulated more than 20 million views, establishing her as an independent creator.
In France, artist Zenith Apex used PixVerse's scene transition and camera movement tools to bring abstract artistic concepts to life as shareable video, reaching more than two million viewers on YouTube without any post-production editing.
For the AI for Good Film Festival, whose mandate centers on using technology to advance human welfare, these stories represent exactly the kind of real-world impact the Summit exists to spotlight.
"Through the AI for Good Film Festival, we showcase how AI can expand the boundaries of creative storytelling while addressing global challenges. Support from innovative partners like PixVerse is key to bringing this vision to life, combining frontier technology with powerful, human-centered narratives that inspire action worldwide," said Guillem Martínez Roura, Head of the AI for Good Film Festival.
PixVerse AI Film Awards: Global Call for Submissions
As part of its participation, PixVerse is establishing creator awards for the AI for Good Film Festival, open to creators worldwide. The competition welcomes entries across all styles and subjects, from personal storytelling to social impact narratives. Entries should be between one and ten minutes in length, completed between May 1, 2025 and May 1, 2026, with at least 50% of the content generated using PixVerse models. The submission deadline is May 15, 2026.
The top 10 finalists, selected by jury, will each receive an invitation to attend the official AI for Good Global Summit awards ceremony in Geneva, July 7-10, 2026, where their works will be publicly screened before an audience of government representatives, international organizations, and industry leaders. The PixVerse Special Prize winner, revealed on-site in Geneva, will additionally receive a 12-month premium membership, 50,000 platform credits, global media coverage, and full travel support including round-trip flights and hotel accommodations for one representative.
More details and submissions are open at this link.
About the AI for Good Global Summit
The AI for Good Global Summit is the leading UN platform for dialogue on the responsible development and deployment of AI. Held annually in Geneva, it convenes governments, UN agencies, civil society, and the private sector to identify practical AI applications in support of the Sustainable Development Goals.
About PixVerse
PixVerse is a global AI video generation platform trusted by over 100 million creators and enterprises across 177 countries and regions. Its latest model, V6, advances camera control, character performance, and multi-shot native audiovisual generation across creative and commercial use cases. In January 2026, PixVerse launched R1, the world's first real-time world model, transforming video into an infinite, continuous, and interactive stream. With teams distributed across Asia and the US, PixVerse was founded in 2023 with a commitment to making video the universal language of human expression. In March 2026, PixVerse closed its Series C funding round, achieving unicorn status. For more information, visit pixverse.ai.
PixVerse is proud to support the UN AI for Good Global Summit 2026 in Geneva by sponsoring the PixVerse Special Prize at the AI for Good Film Festival, open to creators worldwide.
