Revenue from semiconductors deployed in AI data centers is projected to exceed $1.2 trillion by 2028. This is Deloitte Research's forecast, which excludes edge AI. The report states a growth rate (CAGR) of 88.8% for 2022–2028 and 56.3% for 2025–2028.

What has happened so far

The market for data center logic chips, mainly AI accelerators, was about $30 billion in 2022 and $70 billion in 2024. WSTS projects $190 billion in 2026.

Data center logic chip market

USD billions, approximate

Solid bars show actual results; dashed bars show forecasts or guidance, not results. Source: SIA & Deloitte, Powering AI (June 2026), PDF p. 31; 2026 is a WSTS projection.

The investment

A cumulative $4.0 trillion is expected to be invested in AI data centers, of which up to $2.8 trillion goes to semiconductors and other hardware. The executive summary gives the period as through 2028, while p. 33 says 2023–2030; the report does not reconcile the two.

How to read it

The graph shows an optimistic and a conservative scenario. Forecasts like this are sensitive to how long the hyperscalers' investment pace lasts.

AW

For information and educational purposes only. This research is not personalized investment advice or a recommendation to buy or sell a security.