HBM-attached XPUs
1.00M
100% of 1.00M units
Jason's Chips
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Convert accelerator shipments into HBM stacks, good capacity shipped, DDR-equivalent wafer pressure, supplier-attributed revenue, and gross profit.
HBM-attached XPUs
1.00M
100% of 1.00M units
HBM stacks shipped
8.24M
8.0 stacks / XPU plus overhead
Good HBM capacity
198 PB
192 GB / accelerator before overhead
Industry HBM revenue
$2.77B
$14 / GB and $0 / stack premium
Supplier revenue
$1.25B
45% supplier share
DDR-equivalent pressure
674 PB
3.0x DDR and 88% package yield
Unit bridge
HBM XPUs
1.00M
Attach-filtered base
Stacks
8.24M
8.0 stacks / XPU
Good capacity
198 PB
24.0 GB / stack
1Gb equivalents
1.58B
Sell-side DRAM reporting basis
Supply conversion
Good HBM output
198 PB
Gross package starts
225 PB
DDR-equivalent displaced
674 PB
Per accelerator
Revenue bridge
$1.25B supplier revenue
| Category | Units | ASP | Industry revenue | Supplier revenue |
|---|---|---|---|---|
| HBM capacity revenue | 198 PB | $14 / GB | $2.77B | $1.25B |
| Custom base die / test premium | 8.24M | $0 / stack | $0 | $0 |
| Gross profit at selected margin | 72% | GM | - | $897M |
Sensitivity analysis
| ASP / GB \ GB / XPU | 144 | 168 | 192 base | 216 | 240 |
|---|---|---|---|---|---|
| $11 | $748M | $872M | $997M | $1.12B | $1.25B |
| $13 | $841M | $981M | $1.12B | $1.26B | $1.40B |
| $14 base | $934M | $1.09B | $1.25B | $1.40B | $1.56B |
| $15 | $1.03B | $1.20B | $1.37B | $1.54B | $1.71B |
| $17 | $1.12B | $1.31B | $1.50B | $1.68B | $1.87B |
This grid isolates the two variables that most often move an HBM bridge: memory dollars per GB and HBM capacity per accelerator. Supplier share, overhead, yield, and wafer intensity stay fixed.
Preset comparison
| Preset | GB / XPU | ASP / GB | Wafer x | Supplier revenue |
|---|---|---|---|---|
| H200 | 144 | $13 | 2.8x | $868M |
| GB200 | 192 | $14 | 3.0x | $1.25B |
| GB300 | 288 | $15 | 3.2x | $2.00B |
| Rubin R200 | 288 | $19 | 4.0x | $2.75B |
| MI400 | 432 | $18 | 4.0x | $4.02B |
| Rubin Ultra | 1,024 | $22 | 4.4x | $11.13B |
| Custom ASIC | 192 | $14 | 3.0x | $1.25B |