Summary of Key Points from the Conference Call Industry Overview - The conference call focuses on the **Datacenter Market** within the **Hardware Technology** sector, specifically regarding **ODM (Original Design Manufacturer) Direct** server shipments in the Asia Pacific region. Core Insights 1. **ODM Shipments Growth**: In 2Q25, ODM shipments increased by **3% quarter-over-quarter (q/q)** and **10% q/q** in value, driven by a growing mix of AI servers [1][2] 2. **Server Shipment Statistics**: Global ODM direct server shipments reached **1.91 million units** in 2Q25, reflecting a **3% q/q** and **46% year-over-year (y/y)** growth. This accounted for **45.4%** of total global server shipments [2] 3. **Market Share Dynamics**: - **Wiwynn** led the ODMs with a **23.7%** market share, followed closely by **Quanta** at **23.2%** and **Inventec** at **19.8%**. - **AMD** regained market share to **44.2%**, while **Intel** saw a decline to **38.1%** [2][10] 4. **Regional Performance**: Central & Eastern Europe exhibited the highest growth in shipment units at **105% y/y**, with the US following at **64% y/y**. The US remains the largest market, accounting for **76%** of aggregate ODM direct shipments [3][10] Financial Metrics 1. **Aggregate ODM Direct Server Shipment Value**: The total shipment value was **US$65.4 billion**, marking a **10% q/q** and **201% y/y** increase, primarily due to AI servers [2] 2. **Price Trends**: The average selling price (ASP) of ODM servers increased by **7% q/q** in 2Q25, attributed to improved yields and increased GB200 shipments [4] Company Preferences - The report expresses a preference for specific ODM companies, highlighting **Hon Hai/FII**, **Wistron**, and **Quanta** as favorable investment opportunities [1][4] Additional Insights 1. **AI Server Demand**: The demand for AI servers continues to be a significant driver of growth in the ODM sector, contributing to the overall increase in shipment value [2][4] 2. **Market Challenges**: The report notes uncertainties around tariff implementations that could impact future growth, yet strong demand from cloud services has supported unit share gains for key players [4] Conclusion - The conference call provides a comprehensive overview of the ODM direct server market, highlighting growth trends, competitive dynamics, and financial metrics that indicate a robust demand for AI servers and a favorable outlook for selected ODM companies in the Asia Pacific region.