Goldman Sachs
July 2, 2026
China Data Centers: Highlights from China AI Computing Industry Ecological Development Conference
Sector ReportEquitiesInformation Technology
This report summarizes key takeaways from the China AI Computing Industry Ecological Development Conference, highlighting the strategic shifts in data center infrastructure and the growing adoption of domestic AI accelerator chips.
Key Takeaways
- 1.China's computing power network is shifting capital and technology toward Western China, while tier-1 city data centers are focusing on ultra-low latency, edge nodes, and AI inference.
- 2.Domestic AI accelerator chips are projected to exceed 50% market share in China in 2026, though they still trail imported chips in performance, cost-efficiency, and ecosystem integration.
- 3.GW-scale data center clusters are becoming a new competitive benchmark, requiring enhanced network architecture to handle 100k+ chip clusters.
Table of Contents
- Computing power network
- GW-scale data center clusters
- Domestic chips
- Token operations
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Authors
Timothy ZhaoRonald Keung, CFAEunice Liu
Securities
VNETGDS300442.SZ603881.SSBeijing Sinnet
Themes
Computing power network infrastructureDomestic AI chip localizationGW-scale data center clusters
Regions
Asia PacificChina
