Aspeed Technology, Inc. · TPEX:5274
Aspeed Technology — Investor Presentation (June 2025)
26 slides from Aspeed Technology's investor presentation, June 2025
Slide 1: ASPEED Technology Investor Conference
ASPEED Technology Investor Conference June 2025 © ASPEED Technology. Property and Confidential
Slide 2: Safe Harbor Notice
Safe Harbor Notice ASPEED’s statements of its current expectations are forward-looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward- looking statements. Except as required by law, we undertake no obligation to
Slide 3: Agenda
Agenda ● Company Profile ● Product Portfolio ● BMC in AI Servers ● 2025 Q2 Guidance ● Q&A © ASPEED Technology. Proprietary and Confidential.
Slide 4: Company Profile
Company Profile © ASPEED Technology. Proprietary and Confidential.
Slide 5: Company Profile
Company Profile ● Founded in 2004 ● Fabless-lite IC design company ● Number of employees: 126 (as of March 2024) ● Product lineup - Cloud & Enterprise (BMC/BIC/PFR): #1 in BMC - Smart AV (Cupola360 & AVoIP SoC): #1 in AV over IP (1G Ethernet) #1 in Commercial 360 camera ● Locations: - Headquarter: H
Slide 6: Historical Revenue
Historical Revenue ⚫ The cumulative revenue in 2024 reached NT$6.46 billion, representing a 106.35% growth compared to the cumulative revenue for the same period last year. Million NT$ 7,000 6,460 6,000 5,210 5,000 4,000 3,638 3,064 3,130 3,000 2,484 2,154 1,894 2,000 1,346 856 993 1,000 338 484 591
Slide 7: Product Portfolio
Product Portfolio © ASPEED Technology. Proprietary and Confidential.
Slide 8: Product Portfolio
Product Portfolio BMC：AST2500, AST2600, AST2700, AST2750 Cloud & BIC：AST1030 Enterprise PFR：AST1060 I/O Expander：AST1700, AST1800 AV Matrix：AST1520, AST1530 Smart AV AV Extender: AST1620, AST1630 Cupola360：AST1220, AST1230 © ASPEED Technology. Proprietary and Confidential.
Slide 9: Product Roadmap
Product Roadmap BMC AST2700 AST2700 AST2600 AST2700 Ramp-up Design-in Phase Production-ready Ramp-up BIC AST1030 Ramp-up PFR AST1060 AST1060 Production-ready Ramp-up I/O Expander AST1700 AST1700 AST1700 AST1800 Design-in Phase Production-ready Ramp-up Design-in Phase AVoIP AST1530 AST1630 AST1532 AS
Slide 10: AST2700 Enhancement and Innovation
AST2700 Enhancement and Innovation The most powerful BMC ever built (28x faster) ◼ 1 ARM Cortex® –A35 (Quda-core 1.6GHz per core) ◼ 2 ARM Cortex® –M4 (400MHz) ◼ 2 RISC-V CPU ✱ Multi-Thread benchmark between AST2600 and AST2700 The 1st BMC supports Dual-Node ◼ AST2750 Integration of Southbridge featu
Slide 11: AST1060 – Platform Root of Trust
AST1060 – Platform Root of Trust Enhanced Security ◼ Compliant with NIST SP 800-193 PFR ◼ Immutable / fail-over boot ROM ◼ SPI & I2C/SMBus traffic filtering Key Functionalities ◼ Protection: real-time firmware protection ◼ Detection: firmware measurement and authentication ◼ Recovery: firmware roll
Slide 12: AST1700 Advantages
AST1700 Advantages Simplify the H/W Design ◼ Firmware-less and LTPI interface connect to AST2700 ◼ EIO (I3C, I2C, GPIO, JTAG, PWM, FAN Tech…) Simplify the S/W Development ◼ No S/W development, upgrade, maintenance and protection efforts ◼ Seamlessly controlled by AST2700 series product Differentiate
Slide 13: The Trend of Modular Designs
The Trend of Modular Designs Features: • Faster time-to-market • Flexible to outsource & manufacture • Create new business opportunity for ASPEED : I/O Expander © ASPEED Technology. Proprietary and Confidential.
Slide 14: Simplify Future Server Design
Simplify Future Server Design ⚫ AST1800 inherits the advantages of AST1700 – more interface but simpler design. ⚫ More versatile with embedded FPGA. ⚫ FPGA development tools – Synthesis, Place & Route; Programming; Logic Analysis. © ASPEED Technology. Proprietary and Confidential.
Slide 15: Further Modular Design
Further Modular Design From general purpose to application-specific design, with add-on Modules/Cards Features: • Purpose-built with add-on modules/cards • Higher compute density with more CPUs, GPUs, or other add-on cards • Improved thermal and power management • Business opportunity for ASPEED Bri
Slide 16: Ultimate Modular Design
Ultimate Modular Design Rack-level system design for both GPU and AI ASIC servers Features: • Consolidated power, cooling, networking • Improved resource utilization • Ideal for large-scale data centers • Business opportunities for ASPEED BMC content growth in compute trays, switch trays, power shel
Slide 17: Advancing Towards Diverse Applications
Advancing Towards Diverse Applications Cloud & Enterprise SoCs Enable Innovation with Comprehensive Solutions © ASPEED Technology. Proprietary and Confidential.
Slide 18: BMC in AI Servers
BMC in AI Servers © ASPEED Technology. Proprietary and Confidential.
Slide 19: BMC Content in GPU AI Servers
BMC Content in GPU AI Servers There are 71 BMCs in GB300 NVL72 ⚫ 54 BMCs in 18 compute trays Power ⚫ 9 BMCs in 9 switch trays shelves ⚫ 6 BMCs in 6 power shelves ⚫ 2 BMCs in 2 out-of-band switches Compute Simplified layout of a compute tray trays Switch trays Power shelves © ASPEED Technology. Propr
Slide 20: BMC Content in AI ASIC Server 1
BMC Content in AI ASIC Server 1 There are 22 BMCs in AI ASIC server 1 Power OOB switches ⚫ 2 BMCs in 2 CPU trays shelves ⚫ 16 BMCs in 16 compute trays ⚫ 2 BMCs in 2 power shelves ⚫ 2 BMCs in 2 out-of-band switches Compute trays CPU trays Power shelves © ASPEED Technology. Proprietary and Confidentia
Slide 21: BMC Content in AI ASIC Server 2
BMC Content in AI ASIC Server 2 There are 23 BMCs in AI ASIC server 2 ⚫ 16 BMCs in 16 MTIA blades ⚫ 6 BMCs in 6 Network blades ⚫ 1 BMCs in Chassis Mgmt. blade MTIA blades And 16 BICs ⚫ 16 BICs in 16 MTIA blades Network Chassis blades Mgmt. blade MTIA blades © ASPEED Technology. Proprietary and Confi
Slide 22: Capex Efficiency
Capex Efficiency Thousand USD 120 100 80 60 100.0 40 20 42.3 20.0 12.7 8.7 0 General Server H100 Server GB300 NVL72 AI ASIC Server 1 AI ASIC Server 2 Capex Efficiency Note: 1. Capex efficiency is defined as the amount of server spend that will contribute to one BMC demand. 2. The lower capex efficie
Slide 23: 2025 Q2 Guidance
2025 Q2 Guidance © ASPEED Technology. Proprietary and Confidential.
Slide 24: 2025 Q2 Guidance
2025 Q2 Guidance Previous Guidance Updated Guidance FX Rate 1 USD = 32.5 TWD 1 USD = 30.5 TWD Consolidated Revenue NT$1.7B ~ $1.8B NT$1.9B ~ $2.0B Gross Margin 65.0% ~ 66.5% 64.5% ~ 66.0% © ASPEED Technology. Proprietary and Confidential.
Slide 25: Q&A
Q&A © ASPEED Technology. Proprietary and Confidential.
Slide 26: © ASPEED Technology. Proprietary and Confidential.
© ASPEED Technology. Proprietary and Confidential.
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