… As with DRAM, capacity at the foundries that make flash – Kioxia, Micron Technology, Samsung, SanDisk fab partner to Kioxia , Solidigm, and YMTC if you want to count the indigenous Chinese supplier – cannot be ramped up quickly. …
… But this had better be the beginning of a very big ramp outside of the hyperscalers and the cloud builders. …
… The demand for AI compute is so much higher than the supply – mostly because of the limited absolute supply of HBM stacked memory and therefore the per-engine capacity – that AI is actually having trouble going mainstream. …
… Moreover, TSMC’s revenues are gated much more by supply than demand, and as I said, it cannot overbuild capacity even if it wanted to. …
… But make no mistake: There is still plenty of competition in the markets for CPUs, GPUs, and XPUs and the DRAM, HBM, and flash memory that they all depend upon despite the demand exceeding supply. …
… TPM: Is HBM a better business than normal DRAM? …
… Error correction needs to be addressed and the number of qubits in a given system needs to grow dramatically, and all the while the software ecosystem and algorithm development are both ramping up. …