Look at Kioxia , the fab split btw KIOXIA-SNDK is 60-40% . Similar products they were supposed to merge when WDC owned SNDk.
Theoretical, KIOXIA should have a mkt cap 50% larger than SNDK given they should have more 50% output based on Fab/capez agreement yet it trades at 40% discount
The backwards compatability point is what caught my attention. If ICMSP racks work with existing Blackwell/Hopper setups via Spectrum-X ethernet, the NAND ramp could acutally lead the Vera Rubin cycle rather than follow it. That's a subtle but really important distinction for timing the trade. Also interesting how Engram's deterministic prefetch essentially neutralizes the latency penalty that kept NAND out of this tier before.
Look at Kioxia , the fab split btw KIOXIA-SNDK is 60-40% . Similar products they were supposed to merge when WDC owned SNDk.
Theoretical, KIOXIA should have a mkt cap 50% larger than SNDK given they should have more 50% output based on Fab/capez agreement yet it trades at 40% discount
The backwards compatability point is what caught my attention. If ICMSP racks work with existing Blackwell/Hopper setups via Spectrum-X ethernet, the NAND ramp could acutally lead the Vera Rubin cycle rather than follow it. That's a subtle but really important distinction for timing the trade. Also interesting how Engram's deterministic prefetch essentially neutralizes the latency penalty that kept NAND out of this tier before.
thank you vm for this. Very long the memory/dram/hbm/nand sector. Lfg