根 据 Tr e n dFo r c e 集 邦 咨 询 最 新 调 查 ， NVIDIA （ 英 伟 达 ） 于 2 0 2 5 年 第 三 季 调 整 Ru b i n 平 台 的 HBM4规格，上修对Sp e e d p e r Pi n的要求至高于11Gb p s，致使三大HBM供应商需修正设计。 此 外 ， AI 热 潮 刺 激 NVIDIA 前 一 代 Bl a c kwe ll 产 品 需 求 优 于 预 期 ， Ru b i n 平 台 量 产 时 程 顺 势 调 整。两项因素皆导致HBM4放量时间点延后，预期最快于2 0 2 6年第一季末进入量产。 Jan. 8, 2026 产业洞察 近期文章精选 TrendForce Tr e n dFo r c e集邦咨询表示，SK h y n i x（SK海力士）、Sams u n g（三星）、Mi c r o n（美光）皆 已重新送样其HBM4产品，并持续调整设计，以回应NVIDIA更严格的规格要求。与竞争对手相 比，Sams u n g的HBM4率先采用1Cnm制程，在b a s e d i e更采用自家晶圆代工厂的先进制程，未 来将能支持相对高速 ...

Summary of Datacenter Market Insights Industry Overview - The report focuses on the **Datacenter Market**, specifically the **server segment** within the **Asia Pacific** region, highlighting trends and insights for 2024 and 2025 [1][8]. Key Insights 1. **Server Shipment Growth**: - Total server shipments increased by **17%** in 2024, primarily driven by cloud demand. For 2025, cloud demand is expected to grow by an additional **5-10%**, while enterprise demand is projected to rise by **0-5%** [1][6]. 2. **Quarterly Performance**: - In **4Q24**, global server shipments reached **4.0 million units**, reflecting an **8%** quarter-over-quarter (q/q) increase and a **25%** year-over-year (y/y) increase. The growth was mainly attributed to cloud demand, with a notable acceleration from **1%** q/q in **3Q24** to **8%** q/q in **4Q24** [2][12]. 3. **AI Server Shipments**: - AI server shipments continued to rise in **4Q24**, but at a slower pace compared to **3Q24** due to a transition in GPU platforms. Notably, Super Micro reported a **3%** decline in shipments q/q, while Huawei's shipments surged by **93%** q/q [3][4]. 4. **ODM Direct Shipments**: - Aggregate ODM direct shipments totaled **1,474k units** in **4Q24**, marking an **11%** q/q increase and a **45%** y/y increase. ODMs regained market share in general server markets from OEMs, with ODM direct server average selling price (ASP) rising by **15%** q/q to **US$24.9k** [4][15]. 5. **Regional Performance**: - The **USA** outperformed other regions in **4Q24**, with shipments up **42%** y/y, followed by **APxJ** at **21%** y/y, **Japan** at **7%**, **Western Europe** at **2%**, and **Rest of World (RoW)** at **1%** [12][27]. 6. **Segment Performance**: - High-end server shipments grew by **310%** y/y in **4Q24**, mid-range servers increased by **109%** y/y, and entry-level servers saw a **17%** y/y growth. This trend aligns with the ongoing ramp of AI servers and general compute server demand [13][14]. 7. **Vendor Market Share**: - ODMs captured **37.3%** of the market share in **4Q24**, up **90 basis points** q/q. Dell's market share decreased to **9.6%**, while HP's share fell to **7.8%**. Huawei's market share increased to **2.3%**, reflecting a **100 basis point** increase q/q [16][12]. Stock Implications - The report suggests a preference for **component suppliers** with content share gains over ODMs/OEMs. Notable companies mentioned include **Delta**, **AVC**, **GCE**, and **Wistron**, among others [7][8]. Additional Insights - The **GB200 server racks** began ramping production in late February 2025, with expectations to deliver **2k racks** in **1Q25** and **5-8k racks** in **2Q25**. However, significant volumes for B300/GB300 will not be delivered until September at the earliest [5][6]. This summary encapsulates the critical insights and trends from the datacenter market, providing a comprehensive overview of the current state and future expectations within the server segment.