Wednesday, May 3, 2023

NEO Semiconductor unveils its 3D NAND flash and DRAM

NEO Semiconductor, a start-up based in San Jose, California, unveiled its "3D X-DRAM", described at the world's first 3D NAND-like DRAM cell array. Relevant patent applications were published with the United States Patent Application Publication on April 6, 2023.

NEO Semiconductor said its cell array structure is based on capacitor-less floating body cell technology. It can be manufactured using today's 3D NAND-like process and only needs one mask to define the bit line holes and form the cell structure inside the holes. This cell structure simplifies the process steps and provides a high-speed, high-density, low-cost, and high-yield solution. Based on Neo's estimates, 3D X-DRAM technology can achieve 128 Gb density with 230 layers, which is 8 times today's DRAM density.

"3D X-DRAM will be the absolute future growth driver for the Semiconductor industry," said Andy Hsu, Founder and CEO of NEO Semiconductor and an accomplished technology inventor with more than 120 U.S. patents. "Today I can say with confidence that Neo is becoming a clear leader in the 3D DRAM market. Our invention, compared to the other solutions in the market today, is very simple and less expensive to manufacture and scale. The industry can expect to achieve 8X density and capacity improvements per decade with our 3D X-DRAM."

"Evolving from 2D to 3D architectures has introduced compelling and extremely valuable benefits to NAND flash, so achieving a similar evolution for DRAM is highly desirable industry-wide," said Jay Kramer, President of Network Storage Advisors. "NEO Semiconductor's innovative 3D X-DRAM™ allows the memory industry to leverage current technologies, nodes and processes for enhancing DRAM products with NAND-like 3D architectures."

Arelion adds to its U.S. network

Arelion announced a new route from Denver to the San Francisco Bay Area, connecting through Salt Lake City and Reno. The new route leverages the latest open optical line systems and supports multi-vendor transponders and coherent pluggable components to deliver multi-terabit scale capacity, enabling 10G, 100G and 400G Wavelengths deliveries with aggressive lead times for the global carrier's customers.

Arelion said its network now provides enhanced resilience and flexibility, offering seamless edge connectivity through its fourth cross-country east-to-west coast U.S. route.

"This network investment in Denver, Salt Lake City, Reno and the San Francisco Bay Area is in direct response to our customers' growing technology demands," said Wes Cantrall, Head of Sales in North America, Arelion. "We bring additional choices for diversity and high capacity to these regions, enabling us to meet companies' terabit-scale needs in these evolving markets. Our ongoing commitment to connect growing edge markets across the country is a testament to our dedication to delivering best-in-class services that enable tech business growth in previously underserved regions."

The new route will go live in late Q2. Further insights into Arelion's North American network expansion:

  • Routing west, Arelion's new diverse network connects to Denver (Flexential – Centennial and CoreSite – DE1) and Aurora (Flexential).
  • The route connects to Flexential sites in Fair Park and Salt Lake City. Additional Salt Lake City sites include EdgeConneX – SLC01 and DataBank – SLC1 and SLC2 in Bluffdale.
  • The network continues to Tahoe Reno (Switch – Citadel).
  • Additional connectivity is provided to key Bay Area cities, including San Francisco (Digital Realty – SFO10), San Jose (Equinix – SV1), Palo Alto (Equinix – SV8), Santa Clara (CoreSite – SV4) and other colocation sites in the Bay Area.

With its fourth North American east-to-west coast route, Arelion provides enhanced access to its number one ranked Internet backbone, AS1299, as well as the global carrier's portfolio of leading IP and optical technology services, including high-speed IP Transit, Cloud Connect, Ethernet and IPX services for service providers, content providers and enterprises.

Qualcomm's revenue dips 17% to $9.2B due to inventory and macroeconomics

 Citing challenges in the macroeconomic environment and elevated channel inventory, Qualcomm reported quarterly revenues of $9.275 billion, down 17% compared to the same period a year ago. Diluted earnings per share (EPS) amounted to $1.52, down 41% compared to a year ago.

“As we navigate this challenging environment, we remain focused on the critical factors we can control to emerge stronger from this downturn – our leading technology roadmap, best-in-class product portfolio, strong customer relationships and operational efficiencies,” said Cristiano Amon, President and CEO of Qualcomm Incorporated. “Our top priority remains to execute our diversification strategy and invest in areas that drive long-term value.”

Regarding it outlook for the current quarter, Qualcomm said it expcts "continued impact of the macroeconomic headwinds, weaker global handset units, and channel inventory drawdown. In addition, we estimate a larger-than-normal sequential decline in QCT revenues, primarily due to the timing of purchases by a modem-only handset customer."

Infinera posts Q1 revenue of $392 million, up 16% yoy

Infinera reported Q1 GAAP revenue of $392.1 million compared to $485.9 million in the fourth quarter of 2022 and $338.9 million in the first quarter of 2022.

GAAP gross margin for the quarter was 37.5% compared to 37.1% in the fourth quarter of 2022 and 32.9% in the first quarter of 2022. GAAP operating margin for the quarter was (2.4)% compared to 5.2% in the fourth quarter of 2022 and (10.8)% in the first quarter of 2022. Non-GAAP gross margin for the quarter was 38.8% compared to 38.7% in the fourth quarter of 2022 and 36.2% in the first quarter of 2022. Non-GAAP operating margin for the quarter was 3.5% compared to 10.5% in the fourth quarter of 2022 and (1.0)% in the first quarter of 2022. Non-GAAP net income for the quarter was $5.7 million, or $0.02 per diluted share, compared to non-GAAP net income of $40.3 million, or $0.16 per diluted share, in the fourth quarter of 2022, and non-GAAP net loss of $(14.0) million, or $(0.07) per diluted share, in the first quarter of 2022.

Infinera CEO David Heard said, “I am pleased with our solid start to 2023 with revenue, margins, and earnings per share all coming in above the mid-point of our outlook range. Compared to the year-ago quarter, we grew revenue by 16%, above our annual target of 8% for 2023, and expanded gross margin by more than 250bps.”

“As we look ahead to the second quarter, we are planning to achieve continued year-over-year revenue growth and margin expansion and to deliver approximately 10% revenue growth in the first half of 2023. We remain focused on the six milestones we laid out at our investor day in March, which includes launching our subsystems products and driving to at least a $1 per share in earnings by 2025-2026.”

Equinix posts sales of $2.0 billion, up 15% yoy

 Equinix posted quarterly revenue of approximately $2.0 billion, a record quarter-over-quarter step up of $127 million and up 15% over the same quarter last year. Net income amounted to $259 million, a 101% increase over the previous quarter, primarily due to higher income from operations and lower net interest expense.

Charles Meyers, President and CEO, Equinix, states: "We had a strong start to the year, delivering nearly $2 billion of revenue for the quarter, as our outlook remains positive with the overall demand for digital transformation fueling our conviction around the long-term secular drivers of our business. We look forward to our upcoming analyst day next month, where we plan to continue the discussion of the significant opportunity ahead and our strongly differentiated position in capturing this opportunity as we enable our customers to access all the right places, partners and possibilities."

Some highlights:

  • Equinix surpassed a new milestone of 30 terabits per second (TB/s) of peak traffic across its global Internet Exchanges—a 50% increase in approximately 18 months. 
  • Equinix closed five cloud on-ramp wins in Q1 bringing Equinix's portfolio to 210 on-ramps across 46 markets. More than half of the metros in which Equinix operates now offer two or more on-ramps to the largest cloud players.
  • Equinix achieved 96% renewable energy coverage of its operational load for 2022, marking the fifth consecutive year with over 90% renewable energy coverage. This reflects a 10% year-over-year increase in procurement of renewable energy on a GWh basis. 
  • Closed approximately 4,000 deals across more than 3,000 customers
  • Customer deployments across multiple regions increased to 76% of total recurring revenue, an increase of 1% quarter over quarter, demonstrating the value of the Equinix global platform.

Matt Murphy appointed Chair of Marvell's Board

Marvell Technology announced the appointment of Matt Murphy as Chair of its Board of Directors, replacing Rick Hill, who has served as Chair of the Board since 2016 and who will be retiring from the Board at the end of his current term to focus on philanthropic activity in Latin America. The Board has also appointed Michael Strachan, a Marvell Director since 2016, to become Lead Independent Director. Murphy currently serves as President and CEO of Marvell.

Hill has played an essential role in Marvell's multi-year transformation. He initially served as Chair and Interim Principle Executive Officer and was instrumental in assembling a strong and experienced Board of Directors, as well as hiring key members of the current management team including Murphy as CEO. His deep insights and decades of experience in the semiconductor industry have been invaluable to the company as Marvell pursues its long-term growth opportunities in cloud, 5G, automotive and enterprise end markets.

"Rick has been instrumental in shaping the direction of the company that Marvell has become today, not only in his role as Board Chair, but as a mentor to me and the management team," said Murphy. "I'm proud of the accomplishments the Marvell team has achieved, and I'm thankful for Rick's support since I took on the CEO role in 2016. I'm grateful for his outstanding leadership and dedication to Marvell's success and I'm honored to succeed him as Chair. I'm also pleased that Mike has agreed to take on the role of Lead Independent Director and look forward to working with him and the rest of the Marvell Board as we continue to execute on our vision for the company."