Samsung Strike Update, Google I/O Data Points, Intel 18A Push, YMTC IPO Plans, & More —Headline Review (Semis & IT Hardware)

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Samsung Strike Update, Google I/O Data Points, Intel 18A Push, YMTC IPO Plans, & More —Headline Review (Semis & IT Hardware)

Samsung Strike Update, Google I/O Data Points, Intel 18A Push, YMTC IPO Plans, & More —Headline Review (Semis & IT Equity ResearchHardware)

4. YMTC Group Formally Enters IPO Guidance

• DigiTimes reported that China's YMTC (NAND vendor) formally entered IPO guidance and

appointed financial advisors (i.e., pre-IPO guidance). Note this follows broader restructuring at the

company last year and two funding rounds in April and July that raised ~$1.5B.

• YMTC was valued at ~$24B in April 2025 based on an investment disclosure. This follows China's

DRAM vendor, CXMT, also currently undergoing the IPO process and seeking to raise 29.5B yuan (~

$4.3B).

5. Vertiv Investor Day - 140GW 5-Year Cumulative Power Addition Forecast

• Estimating ~140GW 5-year cumulative power additions from 2026-2030, up from its ~100GW

estimate 1.5 years ago; Annual run rate in the ~20GW, eventually ramping to ~35GW - highlighted

power availability permitting, skilled labor as key constraints to this ramp (with skilled labor a

continually growing constraint).

• Management emphasized "edge" data centers seen as smaller is an outdated framing, as edge data

centers should be thought about as ~50-150MW+.

• Noted increasing industry focus on maximizing tokens/second/MW,

• Management cited tendency for data center infrastructure to be fungible between inference and

training, with customers opting for higher degrees of redundancy to enable fungibility.

Source: Vertiv

Other Quick Hits:

• NVIDIA Reportedly Plans GPU-Direct Storage for Vera Rubin, Raising Expectations for HBF

Beyond HBM (TrendForce)

• Apple's memory bargaining power weakens amid AI-driven supply squeeze, Korean media says