超微電腦

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $超微電腦(SMCI.US) Supermicro Completes Internal Probe Into Employee Export-Control Indictment

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗦𝘂𝗽𝗲𝗿𝗺𝗶𝗰𝗿𝗼 completes independent investigation into alleged export-control violations.

➤ Federal indictment involved 𝘁𝘄𝗼 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀 and one contractor.

➤ 𝗦𝘂𝗽𝗲𝗿𝗺𝗶𝗰𝗿𝗼 was not charged or accused of wrongdoing.

➤ All 𝘁𝗵𝗿𝗲𝗲 𝗶𝗻𝗱𝗶𝘃𝗶𝗱𝘂𝗮𝗹𝘀 no longer have company relationships.

➤ Probe found no current 𝘀𝗲𝗻𝗶𝗼𝗿 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 knowledge of alleged diversion.

➤ No direct sales to known 𝗿𝗲𝘀𝘁𝗿𝗶𝗰𝘁𝗲𝗱 𝗽𝗮𝗿𝘁𝗶𝗲𝘀 were identified.

➤ Investigation found no related unreliability in previously issued 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀.

➤ Supermicro terminated employees who violated 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗽𝗼𝗹𝗶𝗰𝗶𝗲𝘀 or conduct standards.

➤ Board adopted all recommended enhancements to 𝗲𝘅𝗽𝗼𝗿𝘁 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 controls.

➤ Company continues cooperating with relevant 𝗴𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗮𝘂𝘁𝗵𝗼𝗿𝗶𝘁𝗶𝗲𝘀.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Findings reduce concerns about broader 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 involvement in alleged violations.

➤ Financial-statement finding may ease concerns over potential 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 implications.

➤ Stronger compliance controls could reduce future 𝗲𝘅𝗽𝗼𝗿𝘁-𝗰𝗼𝗻𝘁𝗿𝗼𝗹 risks.

➤ Ongoing government investigations remain an important 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 consideration for investors.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁:

𝗦𝗰𝗼𝘁𝘁 𝗔𝗻𝗴𝗲𝗹, Lead Independent Director:

"The independent directors support the actions the Company has already taken to bolster its internal policies and procedures, as well as the additional enhancements that will be implemented."

美銀：AI 算力

> 總市場規模：預計數據中心繫統總潛在市場（TAM）在 2030 年將達到 2.2 萬億美元。

> AI 與非 AI 拆分：

AI 數據中心繫統 TAM 佔據絕大部分，達 1.8 萬億美元。

非 AI 數據中心繫統 TAM 為 3840 億美元（其中傳統雲 CPU 約佔該價值的 300 億美元）。

> AI 服務器與基礎設施細分：在 1.8 萬億美元的 AI 數據中心 TAM 中，AI 服務器佔 1.4 萬億美元，AI 網絡佔 3100 億美元，存儲佔 850 億美元。

> AI 服務器組件細分（總計 1.4 萬億美元）：

AI 加速器：1.1 萬億美元

HBM（高帶寬內存）：2770 億美元

AI CPU：總價值 1800 億美元，大致均分為 AI 集羣計算/頭節點（900 億美元）和 AI 代理獨立節點（900 億美元）。

其他：530 億美元

$英偉達(NVDA.US) $AMD(AMD.US) $谷歌-C(GOOG.US) $亞馬遜(AMZN.US) $Meta(META.US) $戴爾科技-C(DELL.US) $超微電腦(SMCI.US)