AMD CEO Projects AI Chip Market to Hit $1.4 Trillion by 2030, Revising 2028 Forecast Upward

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According to AMD CEO Su Zifeng at the Advancing AI 2026 conference on July 23, the AI chip market is growing faster than previously anticipated as the industry accelerates toward AGI. AMD had forecasted a $500 billion market by 2028, but Su now projects the global AI chip market will expand to approximately $1.4 trillion by 2030—approaching the size of today's entire semiconductor sector. She cited increased model improvements driving greater usage and accelerating compute demand, with GPUs expected to maintain the majority market share due to superior programmability amid evolving algorithms and workloads.
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