Microsoft(US:MSFT) Hua Er Jie Jian Wen·2025-07-02 20:15Core Insights - Microsoft is adjusting its ambitious AI chip development strategy due to delays, shifting towards a more pragmatic and iterative design approach to remain competitive with Nvidia in the coming years [1][4] - The release of the Maia 200 chip has been postponed from 2025 to 2026, with plans to launch less aggressive designs by 2028 [1][4] - Microsoft aims to reduce its dependency on Nvidia's chip procurement, which costs the company billions annually [1] Group 1: Strategic Adjustments - The delays in the development of Microsoft's second and third-generation AI chips have prompted a strategic overhaul [4] - The Braga chip's design was completed six months later than planned, raising concerns about the competitiveness of future chips against Nvidia [4] - Microsoft is considering an intermediate chip, Maia 280, to be released in 2027, which will be based on the Braga design [4][5] Group 2: Future Chip Plans - The chip initially known as Braga-R will now be called Maia 400, expected to enter mass production in 2028 with advanced integration technology [5] - The release of the third-generation AI chip, Clea, has been delayed until after 2028, with uncertain prospects [5] Group 3: Impact on Partners - The revised roadmap negatively affects Marvell, which was involved in the Braga-R project, leading to a decline in its stock price [6] - Marvell had anticipated earlier revenue from Microsoft, but delays and economic factors have impacted its performance [6] Group 4: Other Projects - Not all of Microsoft's chip projects are facing issues; the CPU project, Cobalt, is progressing well and has already generated revenue [8] - The next generation of Cobalt, Kingsgate, has completed its design and will utilize chiplet architecture and faster memory [8]