bryan

*SK HYNIX SHARES RISE AS MUCH AS 11%, SK SQUARE UP 14%

Wow… so this is huge $MXL has locked up the only guaranteed 1.6T silicon supply for the next 18 months Rushmore 1.6T DSP is made using the 4nm node If a Hyperscaler wants 1.6T optics for a cluster they are building in Q1 27, and they haven't already secured a spot in the TSMC 2 year backlog, they literally cannot get chips from Broadcom or Marvell Especially from Broadcom as their chips require CoWoS which is even more backlogged This is a great indicator that the demand from hyperscalers is accelerating as they are essentially locking up MaxLinear’s capacity because it is the only guaranteed supply of 1.6T silicon available until late 2028 MXL is sitting on a pre paid, high yield production line at Samsung Management has stated they already secured $210M in long term purchase commitments specifically for wafer supply and assembly services They have also been aggressively building die bank inventory, in which inventory levels grew slightly this quarter You wouldn’t be hoarding supply if the demand wasn’t there This company is only guiding for $150M in optical revenue for 26’ Data center revenue will start ramping up in back half 26’ Management is essentially guiding as if the growth stops in July, which contradicts their own statement about "accelerating ramps through 2027” I’m starting to think this is a MAJOR sandbag from management 😳

"The Next Bottleneck After HBM Is HBF"... A Computing Pioneer's Prediction "I have been consistently paying close attention to High Bandwidth Flash (HBF). I'm also collaborating with semiconductor companies on this. HBF is highly likely to stand at the center of the next bottleneck — a surge in demand." David Patterson, professor at UC Berkeley, Turing Award laureate, and widely recognized as the architect of RISC (Reduced Instruction Set Computing — an approach that simplifies instructions to improve processing efficiency), made these remarks on April 30 (local time) when he met with reporters in San Francisco immediately after delivering a keynote at the Dreamy Next event. Asked about what comes after HBM (High Bandwidth Memory), which is currently in a supply-constrained bottleneck, Professor Patterson answered that HBF will emerge as the next focus. Specifically, he said, "Although a number of technical challenges still remain, the HBF being developed by companies such as SK hynix and SanDisk is a meaningful alternative in that it can deliver large capacity with low power consumption," adding, "Going forward, how efficiently data can be stored and delivered will become the critical variable." This past March, SK hynix announced that it had joined hands with U.S. flash memory company SanDisk to drive the global standardization of HBF. Unlike HBM, which stacks DRAM, HBF is built by stacking NAND flash — a non-volatile memory. Their roles are also distinct. While HBM serves as a fast computation aid, HBF is focused on storing the vast amounts of data that AI processes at high capacity. HBF is drawing attention as the AI inference market grows. The AI market is broadly divided into learning (training) and inference. Training is the process of feeding massive amounts of data to teach an AI model. Inference is the stage in which results are derived based on the trained data. In inference AI, the ability to continuously store and retrieve vast amounts of intermediate data — such as prior conversations, judgment outcomes, and task context — is crucial. This is because AI carries out reasoning by remembering context and building upon it. The problem is that all of this data is difficult to fit into HBM. Since HBM is optimized for handling data used immediately, its capacity itself is inherently limited. Moreover, given its high price, processing the enormous amounts of context data generated during inference using HBM alone would impose significant cost burdens. As a result, an environment has formed in which both HBM and HBF are needed simultaneously — a kind of division of labor. Domestic experts in Korea also anticipate that the importance of HBF will grow going forward. At an HBF research and technology development strategy briefing held this past February, Kim Jung-ho, professor in the School of Electrical and Electronic Engineering at KAIST, stated, "If the central processing unit (CPU) was the core in the PC era and low-power technology was the core in the smartphone era, memory will be the core of the AI era," adding, "What determines speed is HBM, and what determines capacity is HBF." He further predicted, "From 2038 onward, demand for HBF will surpass that of HBM."

$AMZN Setting up for a similar move to $GOOGL in 2025 Anthropic + High AWS margins Trainium in house chips Sleeping giant.

Wow… so this is huge $MXL has locked up the only guaranteed 1.6T silicon supply for the next 18 months Rushmore 1.6T DSP is made using the 4nm node If a Hyperscaler wants 1.6T optics for a cluster they are building in Q1 27, and they haven't already secured a spot in the TSMC 2 year backlog, they literally cannot get chips from Broadcom or Marvell Especially from Broadcom as their chips require CoWoS which is even more backlogged This is a great indicator that the demand from hyperscalers is accelerating as they are essentially locking up MaxLinear’s capacity because it is the only guaranteed supply of 1.6T silicon available until late 2028 MXL is sitting on a pre paid, high yield production line at Samsung Management has stated they already secured $210M in long term purchase commitments specifically for wafer supply and assembly services They have also been aggressively building die bank inventory, in which inventory levels grew slightly this quarter You wouldn’t be hoarding supply if the demand wasn’t there This company is only guiding for $150M in optical revenue for 26’ Data center revenue will start ramping up in back half 26’ Management is essentially guiding as if the growth stops in July, which contradicts their own statement about "accelerating ramps through 2027” I’m starting to think this is a MAJOR sandbag from management 😳

$PENG breaking out of its 8 year base 👀 Don't underestimate a HTF breakout