The 5th GMIF Innovation Summit (GMIF2026) was held in Shenzhen under the theme 'The Future Built on AI Memory and Storage', co-hosted by the Shenzhen Memory Industry Association and the School of Integrated Circuits at Peking University. Daniel Yen of Morgan Stanley projected that more than half of cloud data center capex will go to memory and storage (excluding HBM) by 2027, and outlined six innovation paths to overcome the 'memory wall'. Prof. Yimao Cai said HBM remains central to high-end AI compute but is limited by yield, cost and thermal constraints, pointing to NAND-based high-bandwidth technologies such as HBF as a major research focus. Samsung's Kevin Yoon said AI agents are generating massive KV cache demand, while Sandisk's Maya Zhang called this the first year of the 'inference boom', in which SSDs act as a 'token battery'.
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