{"id":749601,"date":"2026-03-19T12:27:52","date_gmt":"2026-03-19T04:27:52","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=749601"},"modified":"2026-03-19T12:27:52","modified_gmt":"2026-03-19T04:27:52","slug":"%e7%be%8e%e5%85%89-mu%ef%bc%9aai-%e5%b8%a6%e5%8a%a8%e5%ad%98%e5%82%a8-%e7%96%af%e6%b6%a8%ef%bc%8c%e8%83%bd%e7%a0%b4%e5%91%a8%e6%9c%9f-%e7%b4%a7%e7%ae%8d%e5%92%92","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=749601","title":{"rendered":"\u7f8e\u5149 MU\uff1aAI \u5e26\u52a8\u5b58\u50a8 \u201c\u75af\u6da8\u201d\uff0c\u80fd\u7834\u5468\u671f \u201c\u7d27\u7b8d\u5492\u201d \u5417\uff1f"},"content":{"rendered":"
\n

\u6587 | \u6d77\u8c5a\u7814\u7a76<\/p>\n<\/blockquote>\n

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1.\u6574\u4f53\u4e1a\u7ee9<\/a><\/strong>\uff1a\u7f8e\u5149\u672c\u5b63\u5ea6\u8425\u6536 238.6 \u4ebf\u7f8e\u5143\uff0c\u73af\u6bd4\u589e\u957f 75%\uff0c\u597d\u4e8e\u4e0a\u8c03\u540e\u7684\u4e70\u65b9\u9884\u671f\uff08199 \u4ebf\u7f8e\u5143\uff09\uff0c<\/strong>\u672c\u5b63\u5ea6\u6536\u5165\u589e\u957f\u4e3b\u8981\u6765\u81ea\u4e8e DRAM \u548c NAND \u4e1a\u52a1\u7684\u53cc\u91cd\u5e26\u52a8\uff0c\u4e24\u5927\u4e1a\u52a1\u73af\u589e\u90fd\u5728 70% \u4ee5\u4e0a\u3002<\/p>\n

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2.DRAM \u4e1a\u52a1\uff1a\u672c\u5b63\u5ea6\u5b9e\u73b0 188 \u4ebf\u7f8e\u5143\uff0c\u73af\u6bd4\u589e\u957f 73.6%\uff0c\u4e3b\u8981\u662f\u5b58\u50a8\u4ef7\u683c\u4e0a\u6da8\u7684\u62c9\u52a8<\/strong>\u3002\u5176\u4e2d\u516c\u53f8\u672c\u5b63\u5ea6 DRAM \u5747\u4ef7\u73af\u6bd4\u63d0\u5347 65% \u5de6\u53f3<\/strong>\uff0c\u51fa\u8d27\u91cf\u73af\u589e 5%\u3002<\/p>\n

\u5177\u4f53\u6765\u770b\uff1a\u2460\u4f20\u7edf DRAM \u8d21\u732e\u4e86\u6700\u5927\u7684\u589e\u91cf\uff0c\u9884\u8ba1\u672c\u5b63\u5ea6\u5b9e\u73b0\u6536\u5165\u7ea6 160 \u4ebf\u7f8e\u5143\uff0c\u73af\u6bd4\u589e\u957f 80% \u4ee5\u4e0a\uff0c<\/strong>AI \u9700\u6c42\u5f00\u59cb\u5e26\u52a8 DDR \u4ea7\u54c1\u7684\u9700\u6c42\u56de\u5347\uff1b\u2461\u6d77\u8c5a\u541b\u9884\u4f30 HBM \u672c\u5b63\u5ea6\u5b9e\u73b0\u6536\u5165\u7ea6 27 \u4ebf\u7f8e\u5143\u5de6\u53f3\uff0c<\/strong>\u73af\u589e 5 \u4ebf\u7f8e\u5143\u5de6\u53f3\uff0c<\/strong>\u4e3b\u8981\u53d7\u76ca\u4e8e HBM3E\u3001HBM4 \u7684\u91cf\u4ea7\u51fa\u8d27\uff1b<\/strong><\/p>\n

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5.<\/strong>$\u7f8e\u5149\u79d1\u6280(MU.US) \u4e1a\u7ee9\u6307\u5f15<\/strong>\uff1a2026 \u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u9884\u671f\u6536\u5165 327.5-342.5 \u4ebf\u7f8e\u5143\u5de6\u53f3\uff0c\u597d\u4e8e\u5e02\u573a\u9884\u671f\uff08268 \u4ebf\u7f8e\u5143\uff09\uff0c\u516c\u53f8\u9884\u671f 2026 \u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u7684\u6bdb\u5229\u7387\u4e3a 81% \u5de6\u53f3\uff0c\u597d\u4e8e\u5e02\u573a\u9884\u671f\uff0876%\uff09<\/strong>\u3002\u516c\u53f8\u4e0b\u5b63\u5ea6\u6307\u5f15\u660e\u663e\u597d\u4e8e\u5e02\u573a\u9884\u671f\uff0c\u4f9d\u7136\u662f\u53d7\u4f20\u7edf\u5b58\u50a8\u4ea7\u54c1\u6301\u7eed\u6da8\u4ef7\u7684\u5e26\u52a8\u3002<\/p>\n

\n

\"\u7f8e\u5149<\/p>\n<\/div>\n

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\u968f\u7740 AI \u5927\u6a21\u578b\u7684\u91cd\u5fc3\u4ece\u8bad\u7ec3\u8f6c\u5411\u63a8\u7406\uff0c\u589e\u52a0\u4e86\u5bf9 DDR \u7b49\u4ea7\u54c1\u7684\u9700\u6c42\u91cf\uff1a\u2460CPU \u4fa7\u7684 DDR \u9700\u6c42\u91cf\uff0c<\/strong>\u76f8\u6bd4\u4e8e Grace\uff0c\u5355\u9897 Vera CPU \u7684 DDR \u9700\u6c42\u91cf\u5c06\u63d0\u5347\u81f3 1.5TB\uff08\u662f Grace \u7684 3 \u500d\uff09\uff1b\u2461Rubin CPX\uff0c<\/strong>\u76f4\u63a5\u9009\u62e9\u4e86 GDDR7 \u800c\u975e HBM\u3002<\/p>\n

\n

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\n

\"\u7f8e\u5149<\/p>\n<\/div>\n

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\u7ed3\u5408\u7f8e\u5149\u516c\u53f8\u5f53\u524d\u5e02\u503c\uff085197 \u4ebf\u7f8e\u5143\uff09\uff0c\u5bf9\u5e94 2026 \u8d22\u5e74\u7a0e\u540e\u6838\u5fc3\u7ecf\u8425\u5229\u6da6\u7ea6\u4e3a 8 \u500d PE \u5de6\u53f3\uff08\u5047\u5b9a\u8425\u6536\u540c\u6bd4 +200%\uff0c\u6bdb\u5229\u7387\u4e3a 78%\uff0c\u7a0e\u7387 14.5%\uff09\u3002\u7531\u4e8e\u5b58\u50a8\u884c\u4e1a\u5177\u6709\u660e\u663e\u7684\u5468\u671f\u6027\uff0c\u53c2\u8003\u8fc7\u5f80\u5468\u671f\u9ad8\u70b9\u671f\u95f4\uff08\u4ecd\u5904\u4e8e\u6da8\u4ef7\u9636\u6bb5\uff09\u7684\u4f30\u503c\u5927\u591a\u4f4d\u4e8e 5-15 \u500d\u7684 PE \u533a\u95f4\uff0c\u5f53\u524d\u4f30\u503c\u4ecd\u5904\u4e8e\u533a\u95f4\u504f\u4e0b\u7684\u4f4d\u7f6e<\/strong>\u3002<\/p>\n

\u2460\u77ed\u671f\u89d2\u5ea6\u770b\uff1a\u5f53\u524d\u5904\u4e8e\u5b58\u50a8\u6da8\u4ef7\u7684\u5927\u5468\u671f\u4e2d\uff0c\u53c8\u53e0\u52a0\u8fd1\u671f\u4e09\u661f\u7f62\u5de5\u4e8b\u4ef6\u5f71\u54cd\uff0c\u4e1a\u7ee9\u6709\u671b\u6301\u7eed\u8d85\u9884\u671f\u3002<\/strong><\/p>\n

\u4e09\u661f\u7f62\u5de5\u4e8b\u4ef6\uff1a\u4e09\u661f\u5728 DRAM \u5e02\u573a\u4e2d\u5360\u636e\u4e86\u5c06\u8fd1 4 \u6210\u7684\u5e02\u573a\u4efd\u989d\u3002<\/strong>\u8fd1\u671f\u4e09\u661f\u7535\u5b50\u5458\u5de5\u5bf9\u4e8e\u4e0e SK \u6d77\u529b\u58eb\u7684\u85aa\u8d44\u5dee\u8ddd\u8d8a\u6765\u8d8a\u4e0d\u6ee1\uff0c\u4e09\u661f\u7535\u5b50\u5de5\u4f1a\u6210\u5458\u6295\u7968\u51b3\u5b9a\u4ece 5 \u6708 21 \u65e5\u5f00\u59cb\u7f62\u5de5 18 \u5929\u3002\u4e00\u65e6\u505c\u5de5\uff0c\u91cd\u542f\u751f\u4ea7\u7ebf\u53ef\u80fd\u9700\u8981\u957f\u8fbe\u4e24\u4e2a\u6708\u7684\u65f6\u95f4\u3002<\/strong><\/p>\n

\n

\"\u7f8e\u5149<\/p>\n<\/div>\n

\u2461\u4e2d\u957f\u671f\u89d2\u5ea6\uff1a\u76f8\u6bd4\u4e8e\u4e1a\u7ee9\u8d85\u9884\u671f\uff0c\u5e02\u573a\u66f4\u5173\u6ce8\u4e8e “\u8d5a\u94b1\u7684\u6301\u7eed\u6027”\uff0c\u5305\u62ec\u957f\u671f\u534f\u8bae\uff08\u9501\u5355\uff09\u3001\u5ba2\u6237\u9700\u6c42\u4fdd\u969c\u5ea6\u548c 2027 \u8d22\u5e74\u53ca\u4e4b\u540e\u5c55\u671b\u3002\u5982\u679c\u4e91\u670d\u52a1\u5927\u5382\u613f\u610f\u7b7e\u8ba2\u957f\u7ea6\u6765\u4fdd\u8bc1\u4f9b\u5e94\u91cf\uff0c\u80fd\u8fdb\u4e00\u6b65\u589e\u52a0\u516c\u53f8\u540e\u7eed\u4e1a\u7ee9\u589e\u957f\u7684\u786e\u5b9a\u6027\u3002<\/strong><\/p>\n

\u5bf9\u4e8e\u5e02\u573a\u7684\u4e3b\u8981\u5173\u6ce8\u70b9\uff0c\u7ba1\u7406\u5c42\u5728\u4ea4\u6d41\u4e2d\u4e5f\u6709\u6240\u56de\u5e94\uff1a<\/strong><\/p>\n

1\uff09\u957f\u671f\u534f\u8bae\uff1a<\/strong>\u4ece\u4e4b\u524d 1 \u5e74\u524d\u7684\u957f\u671f\u534f\u8bae\uff08LTA\uff09\u5347\u7ea7\u81f35 \u5e74\u671f\u7684\u6218\u7565\u5ba2\u6237\u534f\u8bae\uff08SCA\uff09<\/strong>\uff0c\u76ee\u524d\u5df2\u7b7e\u9996\u4e2a\u5927\u5ba2\u6237\u3002\u66f4\u50cf\u662f\u6df1\u5316\u5408\u4f5c\uff0c\u800c\u975e\u9501\u5355\u7684\u5f62\u5f0f\u3002<\/p>\n

2\uff09\u5ba2\u6237\u9700\u6c42\u4fdd\u969c\u5ea6\uff1a\u7f8e\u5149\u5bf9\u6838\u5fc3\u5ba2\u6237\u7684\u4e2d\u671f\u9700\u6c42\u4ec5\u80fd\u6ee1\u8db3 50% \u81f3 2\/3\uff0c\u8be5\u6bd4\u4f8b\u4e0e\u4e09\u4e2a\u6708\u524d\u76f8\u6bd4\u65e0\u660e\u663e\u53d8\u5316\uff1b<\/strong><\/p>\n

3\uff092027 \u8d22\u5e74\u5c55\u671b\uff1a<\/strong>\u516c\u53f8\u8ba4\u4e3a 2027 \u5e74\u5b58\u50a8\u884c\u4e1a\u7684\u4f9b\u9700\u7f3a\u53e3\u4ecd\u5c06\u6301\u7eed\uff0c\u4f46\u5bf9 2027 \u5e74\u4e4b\u540e\u7684\u4f9b\u9700\u7f3a\u53e3\u6ca1\u6cd5\u5224\u65ad\u3002\u516c\u53f8\u5728 2027 \u8d22\u5e74\u8fd8\u5c06\u5927\u5e45\u63d0\u5347\u8d44\u672c\u5f00\u652f\uff0c\u4f46\u5728\u4e4b\u540e\u7684\u5206\u6790\u5e08\u5c0f\u4f1a\u4e2d\u4e5f\u63d0\u5230\u4e86 “2027 \u8d22\u5e74\u4e4b\u540e\u7684\u8d44\u672c\u5f00\u652f\u6709\u53ef\u80fd\u56de\u843d”\u3002\uff08\u6d77\u8c5a\u541b\u540e\u7eed\u5c06\u53d1\u5e03\u7eaa\u8981\u8be6\u7ec6\u5185\u5bb9\uff09<\/strong><\/p>\n

\u4ece\u516c\u53f8\u53ca\u884c\u4e1a\u5c55\u671b\u6765\u770b\uff0c\u516c\u53f8\u5728 2026-2027 \u5e74\u7684\u589e\u957f\u662f\u76f8\u5bf9\u786e\u5b9a\u7684\u3002\u5f53\u524d\u5ba2\u6237\u9700\u6c42\u4fdd\u969c\u5ea6\u6ca1\u6709\u53d8\u5316\uff0c\u516c\u53f8\u5bf9\u4e8e 2027 \u5e74\u4e4b\u540e\u7684\u8868\u73b0\u662f\u76f8\u5bf9\u8c28\u614e\u7684\uff0c\u5e76\u5728\u4ea4\u6d41\u4e2d\u4e5f\u63d0\u5230\u7684 “2027 \u8d22\u5e74\u4e4b\u540e\u7684\u8d44\u672c\u5f00\u652f\u56de\u843d” \u7684\u53ef\u80fd\u6027\u3002<\/strong><\/p>\n

\u76f8\u6bd4\u4e8e “\u77ed\u671f\u70b8\u88c2” \u7684\u4e1a\u7ee9\u8868\u73b0\uff0c\u5e02\u573a\u66f4\u671f\u5f85\u5b58\u50a8\u884c\u4e1a\u80fd “\u6446\u8131\u6216\u5e73\u7f13” \u5468\u671f\u6027\u7684\u675f\u7f1a\uff0c\u800c\u7ed3\u5408\u516c\u53f8\u7ba1\u7406\u5c42\u5bf9\u8d44\u672c\u5f00\u652f\u7684\u5c55\u671b\u6765\u770b\uff0c\u7f8e\u5149\u516c\u53f8\u7684\u4f30\u503c\u4f9d\u7136\u8fd8\u5f97\u7528 “\u5468\u671f\u80a1” \u7684\u89c6\u89d2\u6765\u770b\u5f85\uff0c\u8fd9\u8fd8\u662f\u4f1a\u9650\u5236\u516c\u53f8 PE \u7684\u63d0\u5347\u7a7a\u95f4\u3002<\/strong><\/p>\n

\u4ee5\u4e0b\u662f\u6d77\u8c5a\u541b\u5bf9\u7f8e\u5149\u8d22\u62a5\u7684\u5177\u4f53\u5206\u6790\uff1a<\/p>\n

\u4e00\u3001\u603b\u4f53\u4e1a\u7ee9\uff1a\u6536\u5165&\u6bdb\u5229\u7387\uff0c\u5927\u8d85\u9884\u671f<\/strong><\/h3>\n

1.1 \u6536\u5165\u7aef<\/strong><\/p>\n

\u7f8e\u5149\u516c\u53f8 2026 \u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u603b\u8425\u6536\u4e3a 238.6 \u4ebf\u7f8e\u5143\uff0c\u73af\u6bd4\u589e\u957f 75%\uff0c\u597d\u4e8e\u5e02\u573a\u9884\u671f\uff08199 \u4ebf\u7f8e\u5143\uff09<\/strong>\u3002\u672c\u5b63\u5ea6\u7684\u6536\u5165\u73af\u589e\uff0c\u6765\u81ea\u4e8e DRAM \u548c NAND \u7684\u53cc\u53cc\u63a8\u52a8\u3002<\/strong><\/p>\n

\u4ece\u5404\u4e0b\u6e38\u6765\u770b\uff0c\u6570\u636e\u4e2d\u5fc3\u53ca\u7f51\u7edc\u8d21\u732e\u4e86\u6700\u4e3b\u8981\u589e\u91cf\uff0c\u624b\u673a\u3001PC \u7b49\u90e8\u95e8\u53d7\u4f20\u7edf\u5b58\u50a8\u4ea7\u54c1\u6da8\u4ef7\u7684\u5f71\u54cd\uff0c\u540c\u6837\u51fa\u73b0\u4e86\u660e\u663e\u589e\u957f\u3002<\/p>\n

\u4ece\u516c\u53f8\u4e0b\u5b63\u5ea6\u6307\u5f15\u770b\uff0c\u516c\u53f8\u9884\u671f\u4e0b\u5b63\u5ea6\u7684\u6536\u5165\u4e3a 327.5-342.5 \u4ebf\u7f8e\u5143\u5de6\u53f3\uff0c\u73af\u6bd4\u589e\u957f 40.4% \u5de6\u53f3\uff0c\u597d\u4e8e\u5e02\u573a\u9884\u671f\uff08268 \u4ebf\u7f8e\u5143\uff09\u3002\u6d77\u8c5a\u541b\u8ba4\u4e3a\u516c\u53f8\u5f53\u524d\u4ecd\u5904\u4e8e\u5b58\u50a8\u4e0a\u6da8\u5468\u671f\u4e2d\uff0c\u4e0b\u5b63\u5ea6\u6536\u5165\u7aef\u7684\u589e\u957f\u4e3b\u8981\u6765\u81ea\u4e8e\u4f20\u7edf\u5b58\u50a8\u4ea7\u54c1\u6da8\u4ef7\u7684\u5e26\u52a8\u3002<\/strong><\/p>\n

\n

\"\u7f8e\u5149<\/p>\n<\/div>\n

1.2 \u6bdb\u5229\u60c5\u51b5<\/strong><\/p>\n

\u7f8e\u5149\u516c\u53f8 2026 \u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5b9e\u73b0\u6bdb\u5229 178 \u4ebf\u7f8e\u5143\uff0c<\/strong>\u5176\u4e2d\u516c\u53f8\u672c\u5b63\u5ea6\u6bdb\u5229\u7387\u4e3a 74.4%\uff0c\u73af\u6bd4\u63d0\u5347 18.4pct<\/strong>\u3002\u6bdb\u5229\u7387\u7684\u63d0\u5347\uff0c\u4e3b\u8981\u662f\u7531\u4f20\u7edf\u5b58\u50a8\u4ea7\u54c1\u4ef7\u683c\u4e0a\u6da8\u7684\u5e26\u52a8\u3002<\/p>\n

\u867d\u7136\u516c\u53f8\u5f53\u524d\u5b58\u8d27\u4e3a 82.7 \u4ebf\u7f8e\u5143\uff0c\u73af\u6bd4\u589e\u957f 0.8%\u3002<\/strong>\u5728\u6570\u636e\u4e2d\u5fc3\u53ca\u76f8\u5173\u9700\u6c42\u7684\u5e26\u52a8\u4e0b\uff0c\u516c\u53f8\u5f53\u524d\u7684\u5b58\u8d27\u5468\u8f6c\u5929\u6570\u4e0b\u964d\u81f3 121 \u5929\uff0c\u5904\u4e8e\u76f8\u5bf9\u4f4e\u4f4d\u3002<\/p>\n

\u516c\u53f8\u9884\u671f\u4e0b\u5b63\u5ea6\u6bdb\u5229\u7387\u4e3a 81% \u5de6\u53f3\uff0c\u73af\u6bd4\u7ee7\u7eed\u63d0\u5347 6.6pct\uff0c\u8868\u660e\u4e0b\u5b63\u5ea6\u4f20\u7edf DRAM \u548c NAND \u4ea7\u54c1\u5c06\u7ee7\u7eed\u6da8\u4ef7\u3002\u8003\u8651\u5230\u53ef\u80fd\u51fa\u73b0\u7684\u4e09\u661f\u5de5\u5382\u7f62\u5de5\uff0c\u516c\u53f8\u4e0b\u5b63\u5ea6\u6bdb\u5229\u7387\u6709\u673a\u4f1a\u518d\u8d85\u6307\u5f15\u3002<\/strong><\/p>\n

\n

\"\u7f8e\u5149<\/p>\n<\/div>\n

\n

\"\u7f8e\u5149<\/p>\n<\/div>\n

1.3 \u7ecf\u8425\u8d39\u7528<\/strong><\/p>\n

\u7f8e\u5149\u516c\u53f8 2026 \u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u7ecf\u8425\u8d39\u7528 16.2 \u4ebf\u7f8e\u5143\uff0c\u73af\u6bd4\u589e\u957f 7.3%<\/strong>\u3002\u7531\u4e8e\u6536\u5165\u7aef\u589e\u901f\u66f4\u5feb\uff0c\u516c\u53f8\u672c\u5b63\u5ea6\u7ecf\u8425\u8d39\u7528\u7387\u4e0b\u964d\u81f3 6.8%\u3002<\/p>\n

\u516c\u53f8\u672c\u5b63\u5ea6\u7684\u6838\u5fc3\u7ecf\u8425\u5229\u6da6\u4e3a 161.6 \u4ebf\u7f8e\u5143\uff0c\u73af\u6bd4\u589e\u957f\u4e3b\u8981\u6765\u81ea\u4e8e\u6536\u5165\u589e\u957f\u548c\u6bdb\u5229\u7387\u7684\u63d0\u5347\u3002\u603b\u4f53\u6765\u770b\uff0c\u7531\u4e8e\u516c\u53f8\u7ecf\u8425\u8d39\u7528\u4fdd\u6301\u76f8\u5bf9\u5e73\u7a33\uff0c\u516c\u53f8\u5229\u6da6\u7aef\u7684\u63d0\u5347\u4e3b\u8981\u53d7\u6536\u5165\u548c\u6bdb\u5229\u7387\u4e24\u9879\u6838\u5fc3\u6307\u6807\u5f71\u54cd\u3002<\/strong><\/p>\n

\n

\"\u7f8e\u5149<\/p>\n<\/div>\n

\n

\"\u7f8e\u5149<\/p>\n<\/div>\n

\u4e8c\u3001\u5206\u4e1a\u52a1\u60c5\u51b5\uff1a\u4f20\u7edf\u5b58\u50a8\u5927\u5e45\u6da8\u4ef7\uff0c\u662f\u4e1a\u7ee9\u4e3b\u63a8\u529b<\/strong><\/h3>\n

\u4ece\u6700\u65b0\u7684\u8d22\u62a5\u770b\uff0c DRAM \u548c NAND \u4ecd\u7136\u662f\u516c\u53f8\u6700\u91cd\u8981\u7684\u6536\u5165\u6765\u6e90\uff0c\u5176\u4e2d DRAM \u7684\u6536\u5165\u5360\u6bd4\u7ef4\u6301\u5728 8 \u6210\u5de6\u53f3\u3002<\/p>\n

\n

\"\u7f8e\u5149<\/p>\n<\/div>\n

\u6b64\u5916\uff0c\u7f8e\u5149\u516c\u53f8\u5728\u4e4b\u524d\u8c03\u6574\u4e86\u62ab\u9732\u53e3\u5f84\uff08\u9762\u5411\u4e8e\u4e0b\u6e38\u5404\u5e02\u573a\u7684\u6536\u5165\u60c5\u51b5\uff09<\/strong>\uff0c\u5c06\u539f\u6765\u7684 CNBU\u3001SBU\u3001MBU \u548c EBU \u91cd\u65b0\u5212\u5206\u4e3aCMBU\u3001CDBU\u3001MCBU \u548c AEBU \u56db\u7c7b\u3002\u5f53\u524d\u6570\u636e\u4e2d\u5fc3\u53ca\u4e91\u4e1a\u52a1\u7684\u5360\u6bd4\u5df2\u7ecf\u8fbe\u5230 50% \u4ee5\u4e0a\uff0c\u4e1a\u52a1\u53e3\u5f84\u8c03\u6574\u4e5f\u51f8\u663e\u4e86\u516c\u53f8\u5bf9\u76f8\u5173\u4e1a\u52a1\u7684\u91cd\u89c6<\/strong><\/p>\n

\n

\"\u7f8e\u5149<\/p>\n<\/div>\n

\n

\"\u7f8e\u5149<\/p>\n<\/div>\n

2.1DRAM<\/strong><\/p>\n

DRAM \u662f\u516c\u53f8\u6700\u5927\u7684\u6536\u5165\u6765\u6e90\uff0c\u5360\u6bd4\u63a5\u8fd1 8 \u6210\u3002\u800c\u672c\u5b63\u5ea6\u516c\u53f8 DRAM \u4e1a\u52a1\u6536\u5165\u589e\u957f\u81f3 187.7 \u4ebf\u7f8e\u5143\uff0c\u73af\u6bd4\u589e\u957f 74%\u3002<\/strong>\u5176\u4e2d\u672c\u5b63\u5ea6 DRAM \u5747\u4ef7\u73af\u6bd4\u5927\u5e45\u63d0\u5347 65% \u5de6\u53f3\uff0c\u51fa\u8d27\u91cf\u4e5f\u6709 5% \u5de6\u53f3\u7684\u73af\u6bd4\u589e\u957f\u3002<\/p>\n

\u7ec6\u5206\u6765\u770b\uff0c\u6d77\u8c5a\u541b\u9884\u4f30\u516c\u53f8\u672c\u5b63\u5ea6 HBM \u6536\u5165\u5728 27 \u4ebf\u7f8e\u5143\u9644\u8fd1\uff0c\u73af\u6bd4\u589e\u52a0 5 \u4ebf\u7f8e\u5143\u5de6\u53f3\u3002\u800c DDR \u7b49\u4ea7\u54c1\u6536\u5165\u4e3a 160 \u4ebf\u7f8e\u5143\u5de6\u53f3\uff0c\u73af\u6bd4\u589e\u957f\u8fbe\u5230 80% \u4ee5\u4e0a\u3002<\/strong><\/p>\n

\n

\"\u7f8e\u5149<\/p>\n<\/div>\n

DRAM \u662f\u516c\u53f8\u6700\u4e3a\u6838\u5fc3\u7684\u4e1a\u52a1\uff0c\u6700\u4e3b\u8981\u7684\u4e5f\u662f HBM \u548c DDR \u7b49\u4ea7\u54c1\u8fd9\u4e24\u90e8\u5206\u3002<\/p>\n

1\uff09HBM\uff1a<\/strong><\/p>\n

\u516c\u53f8\u5ba3\u5e03\u4e0d\u5355\u72ec\u62ab\u9732 HBM \u7684\u5b63\u5ea6\u60c5\u51b5\u3002\u7ed3\u5408\u884c\u4e1a\u53ca\u516c\u53f8\u60c5\u51b5\uff0c\u6d77\u8c5a\u541b\u9884\u8ba1\u516c\u53f8 HBM \u4e1a\u52a1\u5728\u672c\u5b63\u5ea6\u6536\u5165\u7ea6\u4e3a 27 \u4ebf\u7f8e\u5143\u5de6\u53f3\uff0c\u73af\u589e 5 \u4ebf\u7f8e\u5143\u5de6\u53f3\u3002<\/strong><\/p>\n

\u516c\u53f8\u7684 HBM \u4ea7\u54c1\u5904\u4e8e\u82f1\u4f1f\u8fbe\u4e8c\u4f9b\u7684\u4f4d\u7f6e\uff0c\u4ea7\u54c1\u8fdb\u5ea6\u65b9\u9762\u843d\u540e\u4e8e\u6d77\u529b\u58eb\u3002\u968f\u7740\u4e09\u661f\u7684 HBM3E \u901a\u8fc7\u82f1\u4f1f\u8fbe\u8ba4\u8bc1\uff0c\u5c06\u91cd\u65b0\u5206\u914d HBM \u7684\u5e02\u573a\uff0c\u4e09\u5bb6\u5382\u5546\u53c8\u56de\u5230\u4e86 “\u540c\u4e00\u8d77\u8dd1\u7ebf”<\/strong>\u3002<\/p>\n

\u7531\u4e8e\u82f1\u4f1f\u8fbe Rubin GPU \u548c AMD \u7684 MI400 \u90fd\u5c06\u642d\u8f7d HBM4\uff0c\u56e0\u800c\u63a5\u4e0b\u6765\u4e3b\u8981\u5173\u6ce8\u5404\u5bb6\u7684 HBM4 \u4ea7\u54c1\u8fdb\u5c55\u548c\u51fa\u8d27\u60c5\u51b5\uff0c\u4ece\u800c\u5728 HBM \u5e02\u573a\u4e2d\u83b7\u5f97\u66f4\u591a\u7684\u4efd\u989d\u3002<\/strong><\/p>\n

\n

\"\u7f8e\u5149<\/p>\n<\/div>\n

2\uff09DDR \u7b49\u4ea7\u54c1\uff1a<\/strong><\/p>\n

\u4ece\u4e1a\u52a1\u62c6\u5206\u770b\uff0c\u516c\u53f8\u672c\u5b63\u5ea6 DDR \u7b49\u4e1a\u52a1\u6536\u5165 160 \u4ebf\u7f8e\u5143\u5de6\u53f3\uff0c\u73af\u589e 80% \u4ee5\u4e0a\u3002<\/strong>\u867d\u7136\u624b\u673a\u7b49\u4f20\u7edf\u7ec8\u7aef\u5e02\u573a\u9700\u6c42\u4ecd\u76f8\u5bf9\u8f83\u5f31\uff0c\u4f46\u6570\u636e\u4e2d\u5fc3\u53ca AI \u5f71\u54cd\u4e86\u539f\u6709\u4f9b\u9700\u5c40\u9762\uff0c\u5e26\u52a8 DDR \u7b49\u4ea7\u54c1\u4ef7\u683c\u7684\u5927\u5e45\u4e0a\u6da8\u3002<\/p>\n

\u968f\u7740 AI \u5927\u6a21\u578b\u7684\u91cd\u5fc3\u4ece\u8bad\u7ec3\u8f6c\u5411\u63a8\u7406\uff0c\u589e\u52a0\u4e86\u5bf9 DDR \u7b49\u4ea7\u54c1\u7684\u9700\u6c42\u91cf\uff1a<\/strong><\/p>\n

\u2460CPU \u4fa7\u7684 DDR \u9700\u6c42\u91cf\uff0c\u76f8\u6bd4\u4e8e Grace\uff0c\u5355\u9897 Vera CPU \u7684 DDR \u9700\u6c42\u91cf\u5c06\u63d0\u5347\u81f3 1.5TB\uff08\u662f Grace \u7684 3 \u500d\uff09\uff1b\u2461\u82f1\u4f1f\u8fbe Rubin CPX\uff0c\u76f4\u63a5\u9009\u62e9\u4e86 GDDR7 \u800c\u975e HBM\uff0c\u4e5f\u5c06\u5e26\u52a8 DDR \u4ea7\u54c1\u9700\u6c42\u589e\u52a0\uff1b<\/strong><\/p>\n

\n

\"\u7f8e\u5149<\/p>\n<\/div>\n

\n

\"\u7f8e\u5149<\/p>\n<\/div>\n

2.2NAND<\/strong><\/p>\n

NAND \u662f\u516c\u53f8\u7b2c\u4e8c\u5927\u6536\u5165\u6765\u6e90\uff0c\u5360\u6bd4\u7ea6\u4e3a 20%\u3002\u672c\u5b63\u5ea6\u516c\u53f8 NAND \u4e1a\u52a1\u6536\u5165\u4e3a 50 \u4ebf\u7f8e\u5143\uff0c\u73af\u6bd4\u589e\u957f 82%\u3002\u5176\u4e2d\u672c\u5b63\u5ea6 NAND \u51fa\u8d27\u91cf\u73af\u6bd4\u5fae\u589e 2%\uff0c\u4f46\u4ea7\u54c1\u5747\u4ef7\u73af\u6bd4\u5927\u5e45\u589e\u957f 78% \u5de6\u53f3\u3002<\/strong><\/p>\n

\n

\"\u7f8e\u5149<\/p>\n<\/div>\n

\u4e4b\u524d AI Capex \u5bf9\u5b58\u50a8\u9886\u57df\u7684\u5e26\u52a8\u4e3b\u8981\u5728 HBM \u9886\u57df\uff0c\u8fd9\u4e5f\u5bfc\u81f4 NAND \u7684\u8868\u73b0\u8fdc\u4e0d\u5982 DRAM\u3002\u800c\u5927\u6a21\u578b\u7684\u91cd\u5fc3\u4ece\u8bad\u7ec3\u8f6c\u5411\u63a8\u7406\u7684\u60c5\u51b5\u4e0b\uff0cAI \u8d44\u672c\u5f00\u652f\u7684\u5f71\u54cd\u5f00\u59cb\u5411\u5916\u5ef6\u4f38\uff0cNAND \u4e5f\u5f00\u59cb\u53d7\u76ca\u3002<\/strong><\/p>\n

\u4f9b\u9700\u53d8\u5316\uff1a\u4e00\u65b9\u9762\u662f\u4f9b\u5e94\u7aef\u7684\u504f\u7d27\uff0c\u6b64\u524d NAND \u5e02\u573a\u7684\u4f4e\u8ff7\uff0c\u90e8\u5206\u5382\u5546\u524a\u51cf\u4e86 NAND \u4ea7\u7ebf\u3002\u800c\u4e09\u5927\u539f\u5382\u5728\u6269\u4ea7\u4e2d\u4f18\u5148 DRAM\uff0c\u800c\u975e NAND\uff1b\u53e6\u4e00\u65b9\u9762\u662f\u9700\u6c42\u7aef\u7684\u589e\u52a0\uff0cAI \u4ea7\u4e1a\u94fe\u4e2d\u589e\u52a0\u4e86\u5bf9 NAND \u7684\u9700\u6c42\u91cf\uff0c\u6bd4\u5982\u82f1\u4f1f\u8fbe Rubin \u4e2d\u8fd8\u65b0\u589e\u4e86 NAND \u5c42\u3002<\/strong><\/p>\n

\u82f1\u4f1f\u8fbe\u5728 Rubin \u7ed3\u6784\u4e2d\u65b0\u589e “\u63a8\u7406\u4e0a\u4e0b\u6587\u5b58\u50a8\u5e73\u53f0”\uff08ICMS \u5e73\u53f0\uff09\uff1a<\/strong>\u65b0\u589e\u7684 ICMS \u4e13\u7528\u4e0a\u4e0b\u6587\u5b58\u50a8\uff0c\u5c06 KV Cache \u4ece HBM \u4e0b\u6c89\u81f3\u66f4\u5177\u6027\u4ef7\u6bd4\u7684\u5b58\u50a8\u4ecb\u8d28\uff0c\u91ca\u653e HBM \u5e26\u5bbd\u7528\u4e8e\u8ba1\u7b97\uff0c\u4ece\u800c\u5b9e\u73b0\u63a8\u7406\u9636\u6bb5\u7684\u964d\u672c\u3002<\/p>\n

\u5176\u4e2d\u6bcf\u4e2a Rubin GPU \u53ef\u4ee5\u989d\u5916\u6269\u5c55 16TB \u7684 NAND\uff08\u4f5c\u4e3a “\u5916\u6302\u5185\u5b58”\uff09\uff0c\u5bf9\u4e8e\u5355\u4e2a NVL72 \u53ef\u4ee5\u62d3\u5c55 1152TB \u7684 NAND \u9700\u6c42\u3002<\/strong><\/p>\n

\n

\"\u7f8e\u5149<\/p>\n

(\u6765\u6e90\uff1a\u949b\u5a92\u4f53)<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\u6587 | \u6d77\u8c5a\u7814\u7a76 \u7f8e\u5149\uff08MU.O\uff09\u4e8e\u5317\u4eac\u65f6\u95f4 2026 \u5e74 3 \u6708 19 \u65e5\u65e9\u7684\u7f8e\u80a1\u76d8\u540e\u53d1\u5e03\u4e86 2026 \u8d22\u5e74 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[266,62],"views":34,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/749601"}],"collection":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=749601"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/749601\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=749601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=749601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=749601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}