Andrew Feldman

Memory after TSMC, which is right after Fab Space, memory is the number two item that's needed.

Memory after TSMC, which is right after Fab Space, memory is the number two item that's needed.

And what's happened is there are only three companies that make the memories GPU use.

And what's happened is there are only three companies that make the memories GPU use.

We don't use that memory.

We don't use that memory.

But that HBM is made by Samsung and Micron and Hynix.

But that HBM is made by Samsung and Micron and Hynix.

They couldn't keep up.

They couldn't keep up.

And so the price has shot through the roof.

And so the price has shot through the roof.

I mean, Micron producing numbers where they have 80, 85% gross margins.

I mean, Micron producing numbers where they have 80, 85% gross margins.

I mean, they're getting software gross margins on making memory.

I mean, they're getting software gross margins on making memory.

Yeah, I think it's extraordinary.

Yeah, I think it's extraordinary.

That is a limitation for all GPUs.

That is a limitation for all GPUs.