Holographic multiple-input multiple-output (HMIMO) utilizes a compact antenna array to form a nearly continuous aperture, thereby enhancing higher capacity and more flexible configurations compared with conventional MIMO systems, making it attractive in current scientific research. Key questions naturally arise regarding the potential of HMIMO to surpass Shannon's theoretical limits and how far its capabilities can be extended. However, the traditional Shannon information theory falls short in addressing these inquiries because it only focuses on the information itself while neglecting the underlying carrier, electromagnetic (EM) waves, and environmental interactions. To fill up the gap between the theoretical analysis and the practical application for HMIMO systems, we introduce electromagnetic information theory (EIT) in this paper. This paper begins by laying the foundation for HMIMO-oriented EIT, encompassing EM wave equations and communication regions. In the context of HMIMO systems, the resultant physical limitations are presented, involving Chu's limit, Harrington's limit, Hannan's limit, and the evaluation of coupling effects. Field sampling and HMIMO-assisted oversampling are also discussed to guide the optimal HMIMO design within the EIT framework. To comprehensively depict the EM-compliant propagation process, we present the approximate and exact channel modeling approaches in near-/far-field zones. Furthermore, we discuss both traditional Shannon's information theory, employing the probabilistic method, and Kolmogorov information theory, utilizing the functional analysis, for HMIMO-oriented EIT systems.
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