AI infrastructure shortage drives up chip prices: China's semiconductor export value surged 111% in May, with shipments increasing only 2%

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According to Beating Monitoring, the global AI data center infrastructure’s extreme demand for hardware has fully pushed the semiconductor dividend into a surge in prices. In May 2026, China’s semiconductor export value jumped 111% year-on-year to a record high of $36 billion, but in the same period, China’s actual chip shipments increased only slightly by 2% year-on-year. With semiconductor export value doubling while actual shipment scale remained nearly flat, the true extent of the global computing hardware shortage has been exposed. Prices of high-value-added chips surged sharply due to shortages in AI computing power, directly driving semiconductor export value. In the same period, computer and parts exports also soared by 66% year-on-year to around $27 billion, setting the second-highest historical record. Chips and computer components together accounted for about half of China’s total import and export growth in May. Fueled strongly by the surge in computing power export value, China’s overall exports rose 19% year-on-year in May, imports surged 27% year-on-year, and the trade surplus reached $105.4 billion, the highest level since January 2026.
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