| （1）叠层平台功率电感适合制造超小、超薄尺寸功率 | | --- | | 电感，主要面向手机、智能穿戴、模块芯片等功率1-10W的 | | 应用场景； | | （2）涂覆平台功率电感可制造的产品尺寸、感量范围 | | 非常广，性价比高，主要面向手机、家电、安防、车载等功 | | 率5-50W的应用场景； | | （3）组装平台功率电感适合制造中大尺寸、大电流功 | | 率电感，主要面向服务器、工业等功率50W以上的应用场景； | | （4）模压平台功率电感可制造的产品尺寸、感量范围 | | 较广，主要应用于手机、PC、车载、服务器等功率5-2000W | | 的应用场景。其中超低压平台功率电感以其卓越的低损耗、 | | 高可靠性优势，在高端消费电子、DDR5、电源模块等领域得 | | 到客户青睐；铜磁共烧平台电感凭借领先的高功率密度特 | | 性，在AI服务器领域颇受好评。 | | 公司对应不同细分市场客户及应用，为客户提供全面、 | | 系统、性价比高的功率电感解决方案。 | | 6、请问公司所处的行业的竞争格局？ | | 回答： | | 公司所在电子元器件行业属于重资本投入行业,对于初 | | 期投资 ...

Summary of Rambus Conference Call Company Overview - **Company**: Rambus - **Industry**: Semiconductors, specifically focusing on memory technologies and silicon IP Key Points Demand Environment - Rambus experienced strong demand in the server market, particularly for AI servers, leading to a 52% growth in product revenue compared to the same quarter last year [3][4] - The silicon IP business is also seeing increased demand as companies develop custom chips for AI applications [3] Market Size and Growth - The market for RCD (Register Clock Driver) chips is estimated at $750 million, with an additional $600 million from new companionship chips introduced in DDR5 memory modules [6][7] - The overall market is expanding due to increased bandwidth and capacity requirements driven by AI and traditional servers [9][10] Competitive Dynamics - Rambus holds a market share of over 40% in RCD chips, with a goal to reach 50% [12][14] - The company has invested early in product development, which has helped secure its position in the market [14] Product Development and Innovations - The transition from DDR4 to DDR5 has necessitated the development of new chips, including power management and temperature sensors, which Rambus is actively pursuing [37][39] - Rambus is also developing MRDIMM chipsets, which will double memory capacity and bandwidth, with a ramp expected in 2026 [42][44] Silicon IP Business - The silicon IP business is projected to grow at 10% to 15% annually, driven by demand for HBM (High Bandwidth Memory) controllers [54] - Rambus is engaged with customers 18 months to 2 years ahead of product launches, ensuring they meet market needs [51][53] Financial Outlook - Rambus aims for a long-term gross margin target of 60% to 65%, with recent performance in the range of 61% to 63% [56] - The company is focused on maintaining margins through disciplined pricing and cost savings [57] Tariffs and Market Risks - Rambus's patent licensing business is unaffected by tariffs, providing a solid revenue base of $210 million with 100% margin [29][30] - The company is monitoring potential indirect impacts from supply chain shifts due to tariffs but currently reports no direct effects [32][34] Future Opportunities - The company anticipates growth in the client market as high-end PCs increasingly require advanced signal integrity solutions [46][48] - Rambus is prepared to adapt to market changes, including potential developments in LPDDR solutions for servers [20][25] Additional Insights - The competitive landscape includes two main competitors, Montage and Renaissance, with Rambus focusing on securing supply chain stability [15] - The company is actively involved in industry standards discussions through JEDEC, ensuring alignment with market needs [27] This summary encapsulates the key insights from the Rambus conference call, highlighting the company's strategic positioning, market dynamics, and future growth opportunities.

点击 关注我们 报告发布日期：2025年5月28日 报告名称: 《澜起科技（688008.SH）：聚焦高速互连芯片，运力芯片成为增长新引擎》 分析师：胡剑 S0980521080001/胡慧 S0980521080002/ 叶 子 S0980522100003 / 张大为 S0980524100002/ 詹浏洋 S0980524060001 / 李书颖 S0980122080309 联系人：连欣然 完整报告请扫描下方二维码 核心观点 2024年互连类芯片和津逮服务器平台收入占比分别为92%和8%，1Q25收入和归母净利润均创季度 新高 在数据密集的计算系统中，CXL可用于内存扩展、内存池化和内存共享。公司的MXC芯片是一款CXL内存扩 展控制器芯片，已成功通过了CXL 2.0合规性测试，列入CXL联盟公布的首批CXL 2.0合规供应商清单；另外， 三星和SK海力士同期入选CXL 2.0合规供应商清单，其受测产品均采用了公司的MXC芯片。另外，公司在 2024年第四季度决定暂缓用于数据中心的AI算力芯片研发，将相关技术积累和研发资源转移至PCIe Switch芯 片的研发及产业化。 风险提示 新产品研发不及预期 ...