英飞凌最新白皮书提出七大关键预测，描绘了AI供电的未来图景：未来十年，单颗处理器负载电流将达到10,000安培，是当前水平的10倍；电源 架功率等级将突破100千瓦；AI服务器机架功耗将突破1兆瓦；数据中心功耗需求将迈向吉瓦级规模...... 该公司电源与传感器系统事业部总裁Adam White指出，自2022年底ChatGPT发布以来，AI技术的指数级增长带来了前所未有的功率需求挑战，迫 使行业不断突破创新边界。 这些预测涵盖了从垂直供电技术到直流微电网的全方位变革，将对数据中心运营商、设备制造商和投资者产生深远影响。随着AI工作负载的持续 增长，传统的48V供电架构将被高压直流系统取代，而可再生能源的整合也将成为满足庞大能耗需求的关键。 预测一：垂直供电将主导未来处理器架构 英飞凌预测，垂直供电将成为现代处理器的关键技术。 白皮书指出，GPU和TPU采用最先进工艺制程（如台积电N4P），通过多片硅片集成突破单一制程限制。随着芯片尺寸增大、供电电压降至约 0.4V，总电流消耗预计十年内攀升至10,000安培。传统横向供电方式在如此高电流下占用空间庞大且损耗显著，电能将通过主板垂直传递至处理 器背面。 这场由 ...

Core Insights - Nvidia has proposed an 800VDC outdoor solution, utilizing medium-voltage rectifiers or solid-state transformers (SST) to address the increasing computational power demands driven by the rapid evolution of large models [1][2] - The high-voltage direct current (HVDC) system aims to enhance efficiency and reduce power loss, with medium-voltage rectifiers being more efficient compared to traditional UPS and HVDC solutions [1] - The market is witnessing significant commercial progress, with leading companies both domestically and internationally pushing for the implementation of HVDC technology [1] Industry Developments - The midstream of the industry consists of system integrators, while the downstream includes CSP manufacturers or operators [2] - Nvidia's introduction of the outdoor direct current solution is aimed at mitigating the growing power density issues in server cabinets, effectively reducing power loss [2] Investment Opportunities - Key beneficiaries among terminal manufacturers include Zhongheng Electric, Kehua Data, and Sunshine Power [3] - The core transformation lies in the transformer sector, with companies like Jingquanhua, Igor, New Special Electric, and Jinpan Technology being highlighted [3] - PCB suppliers for Delta Power are expected to see increased volume, including Weiergao and Zhongfu Circuit [4] - Attention is also recommended for changes within cabinets, particularly New Ray Energy [4] - Server OEMs such as Industrial Fulian, Huaqin Technology, and Lenovo Group are also noted as potential beneficiaries [4]

Core Viewpoint - Nvidia has introduced an outdoor DC solution to address the increasing power density issues in cabinets, effectively reducing power loss [1] Group 1: Nvidia's Proposal - Nvidia proposed an 800VDC outdoor solution, utilizing medium-voltage rectifiers or solid-state transformers (SST) as the ultimate solution [1] - The high-voltage direct current (HVDC) system is referenced as a future power supply solution, driven by the exponential growth in computing power demands [1] Group 2: Efficiency of Medium-Voltage Rectifiers and SST - Medium-voltage rectifiers convert medium-voltage AC (typically 1kV to 35kV) directly to DC, achieving over 98% efficiency and reducing footprint [2] - Solid-state transformers combine power electronics with high-frequency transformer technology, also achieving over 98% efficiency [2] Group 3: Market Commercialization Progress - Leading companies are advancing HVDC technology domestically and internationally, with Alibaba starting tenders in 2018 and Tencent planning for 2025 [3] - Internationally, Meta's Prometheus project may tender in 2026, while Google is promoting ±400V standardization [3] Group 4: Industry Chain Differences - The core difference in the industry chain lies in the transformers used, with medium-voltage rectifiers utilizing phase-shifting transformers and solid-state transformers using high-frequency transformers [4]