Semiconductor Outlook:
- Non-AI semiconductor business expected to recover at mid-single digit growth rate.
- Massive AI opportunity expected over the next three years.
- Focusing on custom XPU development and Ethernet connectivity for hyperscale customers.
- Three existing hyperscale customers with multi-generational XPU roadmaps.
- Expect each of these customers to deploy 1 million XPU clusters by 2027.
- Estimated AI revenue SAM of $60 billion to $90 billion in 2027 for these three customers.
- Two additional hyperscale customers in development, potentially expanding the SAM further.
- "Specific hyperscalers have begun their respective journeys to develop their own custom AI accelerators or XPUs as well as network these XPUs with open and scalable Ethernet connectivity. For each of them, this represents a multi-year, not a quarter-to-quarter journey." - Hock Tan
