Goldman Sachs stated in a report that China's efforts towards semiconductor self-sufficiency are expected to accelerate as AI demand drives investment in advanced chips, memory, and manufacturing capabilities. Goldman Sachs predicts that China's semiconductor capital expenditure will reach $82 billion by 2030, a 79% increase from its previous forecast. The report also anticipates that the supply gap for 7nm and below chips in China will narrow from 92% in 2025 to 34% by 2035. In terms of memory, CXMT is expected to meet 50% of China's DRAM demand by 2028, thanks to capacity expansion and yield improvements. The report noted that driven by demand for AI servers and high-bandwidth memory, China's DRAM market is projected to grow at a compound annual growth rate of 50% until 2028.