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Memory has grown to nearly two-thirds of AI chip component costs

3 hours ago
  • #Cost Analysis
  • #AI Chips
  • #Supply Chain
  • Epoch's work is freely usable under Creative Commons BY with credit.
  • Analysis estimates per-chip costs for memory, logic dies, packaging, and auxiliary components across Nvidia, AMD, Google, and Amazon.
  • Memory share increased from 52% to 63% from Q1 2024 to Q4 2025, while packaging and auxiliary components declined.
  • Logic die share remained stable at 13-14% during this period.
  • Total component spending grew from $22 billion in 2024 to $52 billion in 2025, with HBM contributing about $20 billion of the rise.