NEWARK, Calif.--(BUSINESS WIRE)--Apr 23, 2024--
SMART Modular Technologies, Inc. (“SMART”), a division of SGH (Nasdaq: SGH ) and a global leader in memory solutions, solid-state drives, and advanced memory, announces its new family of Add-In Cards (AICs) which implements the Compute Express Link (CXL ® ) standard and also supports industry standard DDR5 DIMMs. These are the first in their class, high-density DIMM AICs to adopt the CXL protocol. The SMART 4-DIMM and 8-DIMM products enable server and data center architects to add up to 4TB of memory in a familiar, easy-to-deploy form factor.
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“The market for CXL memory components for data center applications is expected to grow rapidly. Initial production shipments are expected in late 2024 and will surpass the $2 billion mark by 2026. Ultimately, CXL attach rates in the server market will reach 30% including both expansion and pooling use cases,” stated Mike Howard, vice president of DRAM and memory markets at TechInsights, an intelligence source to semiconductor innovation and related markets.
“The CXL protocol is an important step toward achieving industry standard memory disaggregation and sharing which will significantly improve the way memory is deployed in the coming years,” said Andy Mills, senior director of advanced product development at SMART Modular, reinforcing Howard’s market analysis and SMART’s rationale for developing this family of CXL-related products.
SMART’s 4-DIMM and 8-DIMM AICs are built using advanced CXL controllers which eliminate memory bandwidth bottlenecks and capacity constraints for compute-intensive workloads encountered in Artificial Intelligence (AI), high performance computing (HPC), and Machine Learning (ML). These emerging applications require larger amounts of high-speed memory that exceed what current servers can accommodate. Attempts to add more memory via the traditional DIMM-based parallel bus interface is becoming problematic due to pin limitations on CPUs, so the industry is turning to CXL-based solutions which are more pin efficient.
TECHNICAL SPECIFICATIONS
About SMART’s 4-DIMM and 8-DIMM DDR5 AICs
CXL also enables lower cost scaling of memory capacity. Using Smart’s AICs enables servers to reach up to 1TB of memory per CPU with cost effective 64GB RDIMMs. They also offer an opportunity for supply chain optionality. Replacing high density RDIMMs with a greater number of lower density modules can enable lower system memory costs depending on market conditions.
Visit SMART’s 4-DIMM product page and 8-DIMM AIC product page for further information, and the CMM/CXL family page for information on SMART’s other products using the CXL standard. SMART will provide samples to OEMs upon request. These new CXL-based AIC products join SMART’s ZDIMM line of DRAM as ideal solutions for demanding memory design-in applications.
*The stylized “S” and “SMART” as well as “SMART Modular Technologies”, “Zefr” and “ZDIMM” are trademarks and/or registered trademarks of SMART Modular Technologies, Inc. “Compute Express Link (CXL)” and all other trademarks and registered trademarks are the properties of their respective owners.
About SMART Modular Technologies, Inc.
For more than 30 years, SMART Modular Technologies has been helping customers around the world enable high performance computing through the design, development and advanced packaging of specialty memory solutions. Our robust portfolio ranges from today’s leading edge technologies to standard and legacy DRAM and Flash storage products. We provide standard, ruggedized and custom memory and storage solutions that meet the needs of diverse applications in high-growth markets.
SMART Modular’s new high-density DIMM Add-in Cards (AICs) are the first in their class to adopt the Compute Express Link/CXL protocol, enabling server and data center architects to add up to 4TB of memory in an easy-to-deploy form factor, available in 8-DIMM and 4-DIMM configurations. (Photo: Business Wire)
Wall Street pointed toward gains early Friday ahead of a report on U.S. employment that is expected to show the economy remains strong despite a prolonged period of high interest rates.
Futures for the S&P 500 rose 0.3% before the bell, while futures for the Dow Jones Industrial Average gained 0.7%.
Later Friday, the U.S. government will report on how many jobs employers added in April.
Economists expect it to show a slowdown in hiring from March. However, a report Thursday showed that fewer U.S. workers applied for unemployment benefits last week than economists expected in the latest signal that the job market remains solid despite high interest rates.
The U.S. economy is in a tight spot, where the hope is that it remains strong enough to stay out of a recession but not so strong that it worsens the already stalled progress on inflation.
Stubbornly high readings on inflation this year pushed Federal Reserve Chair Jerome Powell to say on Wednesday that it will likely take “longer than previously expected” to get enough confidence about inflation to cut interest rates.
In equities trading early Friday, Apple rose 6% after the tech giant raised its dividend and announced a $110 billion share buyback, even as it posted the steepest quarterly decline in iPhone sales since the outset of the pandemic.
Expedia fell 12.2% after the online travel company beat Wall Street targets but lowered its full-year bookings guidance because its Vrbo rental unit has been slow to recover from its migration to Expedia's platform.
In Europe at midday, Germany's DAX gained 0.4%, while the CAC 40 in Paris and London's FTSE 100 each picked up 0.5%.
Markets in Tokyo and mainland China were closed for holidays.
The Japanese yen strengthened slightly against the U.S. dollar amid signs of heavy central bank intervention to tamp down the dollar’s advance.
The financial newspaper Nihon Keizai Shimbun reported that estimates showed the government spending an estimated 8 trillion yen (about $50 billion) in reserves this week to try to keep the yen from slipping further against the dollar.
The weaker yen has helped boost prices for imported goods, a factor behind the Bank of Japan's recent decision to give up its negative interest rate policy and raise its benchmark rate to zero to 0.1% from a longstanding level of minus 0.1%. It might raise rates further, Marcel Thieliant of Capital Economics said in a commentary, even if its target of 2% isn't met.
“Even though the economic case for preventing the yen from sliding is much weaker, the Ministry of Finance seems to have responded with an even more forceful round of foreign exchange interventions this week than it did two years ago," Thieliant said.
While a weak yen is a boon for Japanese companies that earn much of their revenues overseas, significant shifts in the foreign exchange market can play havoc with corporate planning and a sharply weaker yen also boosts costs for imports of oil and other vital commodities.
The dollar was trading at 153.18 yen early Friday, down from 153.65 late Thursday. The euro rose to $1.0748 from $1.0727.
In Asian trading, Hong Kong's Hang Seng jumped 1.5% to 18,475.92, tracking gains on Wall Street. News of fresh moves by Chinese leaders to energize the economy also helped drive buying of technology shares.
E-commerce giant Alibaba climbed 4.1% and rival JD.com was up 5.5%. Baidu advanced 4.4%.
Australia's S&P/ASX 200 gained 0.6% to 7,629.00 and the Kospi in Seoul slipped 0.3% to 2,676.63. Taiwan's Taiex picked up 0.5%.
India's Sensex shed 0.9% to 73,952.37.
On Thursday, the S&P 500 rose 0.9%, a day after swinging sharply when the Federal Reserve said it's likely delaying cuts to interest rates but not planning to hike them. That more than halved its losses for the week. The Dow advanced 0.9% and the Nasdaq composite jumped 1.5%.
In energy trading, U.S. benchmark crude oil gained 35 cents to $79.30 per barrel in electronic trading on the New York Mercantile Exchange. It lost 5 cents on Thursday.
Brent crude, the international standard, added 43 cents to $84.10 per barrel.
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Traders work on the floor at the New York Stock Exchange in New York, Wednesday, May 1, 2024. (AP Photo/Seth Wenig)
Traders work on the floor at the New York Stock Exchange in New York, Wednesday, May 1, 2024. (AP Photo/Seth Wenig)
Traders work on the floor at the New York Stock Exchange in New York, Wednesday, May 1, 2024. (AP Photo/Seth Wenig)
Traders work on the floor at the New York Stock Exchange in New York, Wednesday, May 1, 2024. (AP Photo/Seth Wenig)
Currency traders pass by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, May 3, 2024. Asian shares were mostly higher Friday ahead of a report on the U.S. jobs market, with several major markets including Tokyo and Shanghai closed for holidays. (AP Photo/Ahn Young-joon)
Currency traders work near the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, May 3, 2024. Asian shares were mostly higher Friday ahead of a report on the U.S. jobs market, with several major markets including Tokyo and Shanghai closed for holidays. (AP Photo/Ahn Young-joon)
A currency trader smiles near the screen showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, May 3, 2024. (AP Photo/Ahn Young-joon)
