[Voiceover] Chinese memory chip makers have seen a surge in demand as international manufacturers have cut output to rebalance supplies, and plan to raise prices, mainly driven by the enormous boom in AI. A memory chip maker in south China's Guangdong Province says they've seen an increase in orders since the start of the year. Although their factory is running at full capacity, the firm's executives say supply is still falling short of demand. [Soundbite] Han Zhaolu, Director of Equipment Department, Memory chip factory: "The machines are not enough. The material has piled up at almost every workstation. For some procedures, it takes them about half of month to fill the current orders." [Voiceover] Some Chinese chipmakers have new orders scheduled through Q3 and are looking for ways to expand production capacity before then. [Soundbite] Zhong Han, Manager, Memory chip maker: "The demand has exceeded our production capacity, which is 700,000 pieces per month. We plan to expand our production capacity to 1.5 million pieces or even 2 million pieces." [Voiceover] Memory chip makers predict massive growth for their sector as demand for high-performing AI drives demand for high-performing memory solutions. [Soundbite] Su Xin, President, memory chip maker: "The development of the AI industry has boosted demand for advanced memory products featuring large capacity, high reliability, and low power consumption. For the Chinese memory market, we saw a 15 to 20 percent increase in demand from both consumers and enterprises." [Voiceover] Various tech media have reported that, besides the push from AI, recent tariffs imposed by the U.S. are also prompting many global memory chip makers to increase their prices, including Sandisk and Micron from the US, as well as Samsung and SK Hynix, the world's top two memory chip makers, from South Korea. According to data from market research firm The Insight Partners, the global memory chip market is expected to be valued at around 678 billion U.S. dollars by 2031. [Restrictions: No access Chinese mainland]