The Kobeissi Letter(@KobeissiLetter):AI demand is becoming a key driver of China's economy: China's chip exports are up to a record ~$290 billion over the last 12 months. This figure has more than doubled over the last 3 years. At the same time, computer and component shipments are up to ~$240 billion, the highest since 2022. Power equipment exports are up to a record ~$190 billion, with the growth accelerating over the last 2 years. This brings China’s total AI-related exports up to ~$720 billion over the last 12 months, an all-time high. Western demand for China-made AI hardware is surging.

2026.07.27 05:24

AI demand is becoming a key driver of China's economy: China's chip exports are up to a record ~$290 billion over the last 12 months. This figure has more than doubled over the last 3 years. At the same time, computer and component shipments are up to ~$240 billion, the highest since 2022. Power equipment exports are up to a record ~$190 billion, with the growth accelerating over the last 2 years. This brings China’s total AI-related exports up to ~$720 billion over the last 12 months, an all-time high. Western demand for China-made AI hardware is surging.