The AI boom has doubled expectations for the semiconductor industry, which is great for chipmakers and equipment suppliers but leaves the rest of the tech market behind.

• The global chip market is now expected to top $2 trillion by 2030, double the earlier forecast built on phones and PCs.
• AI data centers are the reason, driving demand for advanced logic chips, memory and enterprise storage drives.
• The growth is narrow — PC and smartphone sales are still weak while AI-related chips surge.
• Forecasts for chipmaking equipment have been raised sharply, with spending on the newest 2- and 3-nanometer production leading the way.
• Taiwan is set to take about 30% of the chip materials market by 2027, and the strain is showing in land, power, talent and money.

Outlook: Expect more money to pour into AI chip capacity, with Taiwan's resource crunch and other countries' worries about depending on it becoming the main friction points.