• AI server component supply will improve in coming months, and Giga-Byte
will likely start to see some AI server shipment from August onwards.
• Mgmt said 3Q23 revenue will likely grow double-digit q/q driven by AI server
demand as well as its PC business (similar to historical seasonality).
• Giga-Byte is seeing increasing demand for H100 and L40S. Depending on
capacity and resources, Giga-Byte will prioritize and allocate available
resources to H100 servers before L40S.
• For both H100 and L40S servers, Giga-Byte's main form factors will be L10
or above.
• AI server GM should now be 10-14%.
• Mgmt said MI300 revenue contribution will fall in 2024, not 2023 (1Q24 at
the earliest).
• Immersion cooling tanks will likely consist of a combination of CPU and GPU
servers.
• Giga-Byte aims to grow OpM every quarter in 3Q and 4Q23.
• 90%+ of AI server demand this year is from 2-3 customers.
• Server revenue was 22% in 1Q and increased to 25-30% in 2Q.