AI Computing Power Demand Continues to Explode, Power Semiconductors Outperform

In 2026, global AI infrastructure construction will continue to accelerate, driving continued surging demand for power semiconductors and data center-specific IC components. Leading manufacturers' performance targets will be significantly raised, and the industry will enter a high-prosperity growth channel.

STMicroelectronics, the global leader in power semiconductors, recently disclosed that it has officially raised its annual data center business revenue target based on the continued rigid demand brought about by AI computing power infrastructure and large-scale data center construction, as well as the smooth implementation of corporate production capacity ramp-up. The company's data center-related IC business revenue is expected to reach US$1 billion in 2026, doubling the previous estimate of US$500 million+, with a growth rate far exceeding industry expectations.

Judging from the overall trend of the industry, the IC market will show obvious structural differentiation in 2026. Demand for general-purpose ICs for consumer electronics such as traditional mobile phones and PCs is growing slowly, while demand for power ICs, analog ICs, and high-end discrete devices suitable for AI servers, high-performance computing, and new energy computing equipment continues to be strong, with some subdivided part numbers continuing to be out of stock and having long delivery times.

In addition to STMicroelectronics, many domestic and foreign power semiconductor manufacturers have achieved full capacity utilization, and orders have been scheduled until 2027. According to the industry, the continued expansion of the AI computing power industry will drive the iterative upgrade of core components such as high-end power ICs and power management ICs in the long term, becoming the core growth engine of the semiconductor industry in the next two years.