迈威尔科技分享最新AI进展：定制计算全面爆发，目标市场翻至940亿美元

华尔街见闻2025-06-19

Marvell将2028年数据中心潜在市场规模（TAM）的预期，从去年的750亿美元上修至940亿美元，其中定制XPU规模达到400亿美元，CAGR为47%，XPU配套组件规模达到150亿美元，CAGR 高达90%，几乎每年翻倍。迈威尔科技刚刚结束的Custom AI投资者日透露出一个明确信号：AI芯片正在从“通用GPU拼装”走向“高度定制的系统级协同”。Marvell不再只是一个芯片设计公司...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2544690225?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2025-06-19 02:11","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2544690225","market":"us","top_or_hot":-1,"title":"迈威尔科技分享最新AI进展：定制计算全面爆发，目标市场翻至940亿美元","media":"华尔街见闻","content":"<div>\n<p>Marvell将2028年数据中心潜在市场规模（TAM）的预期，从去年的750亿美元上修至940亿美元，其中定制XPU规模达到400亿美元，CAGR为47%，XPU配套组件规模达到150亿美元，CAGR 高达90%，几乎每年翻倍。迈威尔科技  刚刚结束的Custom AI投资者日透露出一个明确信号：AI芯片正在从“通用GPU拼装”走向“高度定制的系统级协同”。Marvell不再只是一个芯片设计公司...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025061902112495222454&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>迈威尔科技分享最新AI进展：定制计算全面爆发，目标市场翻至940亿美元</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n迈威尔科技分享最新AI进展：定制计算全面爆发，目标市场翻至940亿美元\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-06-19 02:11 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025061902112495222454&s=b><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Marvell将2028年数据中心潜在市场规模（TAM）的预期，从去年的750亿美元上修至940亿美元，其中定制XPU规模达到400亿美元，CAGR为47%，XPU配套组件规模达到150亿美元，CAGR 高达90%，几乎每年翻倍。迈威尔科技  刚刚结束的Custom AI投资者日透露出一个明确信号：AI芯片正在从“通用GPU拼装”走向“高度定制的系统级协同”。Marvell不再只是一个芯片设计公司...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025061902112495222454&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2357305700.SGD","symbol_name":"Allianz Global Artificial Intelligence ET H2-SGD","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025061902112495222454&s=b","article_id":"2544690225","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025061902112495222454&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2544690225","pubTimestamp":1750270273,"columns":[],"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"Marvell将2028年数据中心潜在市场规模的预期，从去年的750亿美元上修至940亿美元，其中定制XPU规模达到400亿美元，CAGR为47%，XPU配套组件规模达到150亿美元，CAGR 高达90%，几乎每年翻倍。截至发稿，迈威尔科技涨超10%。TAM大幅上修，至940亿美元在去年披露的750亿美元市场预期基础上，Marvell今年将定制芯片的2028年目标市场规模上修至940亿美元，年复合增速达35%。当前XPU在AI计算市场占比约25%，Marvell认为随着ASIC供应商技术突破，这一份额有望继续提升。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4581":"高盛持仓","LU2322448791.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (USD) INC","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4543":"AI","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","LU2322448957.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (HKD) INC","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","BK4141":"半导体产品","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU0056508442.USD":"贝莱德世界科技基金A2","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","MRVL":"迈威尔科技","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","BK4515":"5G概念","LU2272731865.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AM\" (HKD) INC","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4588":"碎股","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","BK4605":"半导体精选","LU2244417387.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) ACC","BK4604":"机器人概念","LU2089985449.USD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (USD) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU2473716301.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMF\" (USD) INC","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc"},"translate_title":"Maiwell Technology shares the latest AI progress: customized computing explodes in an all-round way, and the target market reaches US $94 billion","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MRVL":1},"content_text":"Marvell将2028年数据中心潜在市场规模（TAM）的预期，从去年的750亿美元上修至940亿美元，其中定制XPU规模达到400亿美元，CAGR为47%，XPU配套组件规模达到150亿美元，CAGR 高达90%，几乎每年翻倍。迈威尔科技  刚刚结束的Custom AI投资者日透露出一个明确信号：AI芯片正在从“通用GPU拼装”走向“高度定制的系统级协同”。Marvell不再只是一个芯片设计公司，而是AI公司打造算力底座时的关键基础设施合作方。截至发稿，迈威尔科技涨超10%。Marvell将2028年数据中心潜在市场规模（TAM）的预期，从去年的750亿美元上修至940亿美元，其中定制计算（XPU）及其配套组件市场规模达到550亿美元。Marvell指出，定制计算（XPU）和XPU Attach(配套组件)是增长最快的两大领域 。过去一年，定制计算的市场增长了近30%，互连（interconnect）增长了约37% 。Marvell的云收入未来将全面转向AI收入，这反映了AI在所有应用和云基础设施中的深度融合，云正成为AI的“工厂” 。AI芯片已进入“系统定制”时代Marvell强调：定制化芯片是满足新型工作负载需求的关键，是AI基础设施的未来，并且正在“每个云端”发生。从核心XPU芯片，到配套的高带宽内存（HBM）、互联控制、供电等“XPU Attach”模块，客户都在为自己的AI应用场景打造专属系统。公司CEO Matt Murphy在大会上指出：“如果你现在才开始准备做定制芯片，那已经太晚了。”Marvell自2018年起押注定制方向，今天已经形成完整体系。TAM大幅上修，至940亿美元在去年披露的750亿美元市场预期基础上，Marvell今年将定制芯片的2028年目标市场规模（TAM）上修至940亿美元，年复合增速达35%。其中：定制XPU：400亿美元，CAGR（复合年增长率）47%XPU配套组件：150亿美元，CAGR 高达90%，几乎每年翻倍Marvell预计，云收入未来将全面转向AI收入，反映了AI在所有应用和云基础设施中的深度融合。团队还观察到，工作负载正趋于多样化，采用专用芯片在成本与性能方面具有显著优势。Marvell指出，相较于GPU，XPU在工作负载中能提供更优性能。当前XPU在AI计算市场占比约25%，Marvell认为随着ASIC供应商技术突破，这一份额有望继续提升。客户结构变化：新兴大型AI算力自建者与主权AI浮出水面传统云计算四巨头（亚马逊AWS、微软Azure、谷歌、Meta）仍然是主力，但Marvell指出，Emerging Hyperscalers（新兴大型AI算力自建者，例如xAI、Tesla等）正在崛起，开始自主建设AI集群并推进定制芯片。与此同时，“Sovereign AI”（由国家推动的本地AI基础设施）也成为全新增长方向，多个国家已展开投资，这将推动更多AI芯片定制需求在全球范围内爆发。Marvell已拿下18个客户Socket，未来仍有50+项目在洽谈中当前，Marvell已经拿下18个定制Socket（客户定制芯片项目单元）项目，多为长期多代项目：其中5个为核心XPU项目13个为XPU配套组件相关项目此外，Marvell还在积极跟进超过50个新项目机会，覆盖10+家客户，潜在生命周期收入合计可达750亿美元。Marvell预计多个Socket将在2026-2027年进入量产，特别是一颗“重量级XPU”，将成为推动收入加速的关键拐点。Marvell设定了到2028年在定制计算市场获得20%市场份额的目标。公司透露，几年前其市场份额还不足5%，如今已达到13%。20%的份额是“最佳预估”，也是合理的下一步目标。当被问及是否“已深入参与继当前3纳米设计后的下一代项目开发”（主要客户为亚马逊）时，Marvell明确回答“当然”，并解释了产品迭代周期要求他们必须并行开发芯片（即确认了T4和MAIA 3项目）。技术突破：SRAM、HBM 与 Die-to-Die互联Marvell在本次活动中展示了多个关键模块的技术突破：2nm定制SRAM：带宽密度是市面主流IP的17倍，待机功耗降低66%自研HBM方案：通过底层Die-to-Die互联，腾出1.7倍可用核心面积，功耗降低75%Die-to-Die通信：带宽密度超过10 Tbps/mm，功耗低至亚皮焦（sub-pJ/bit）级别Co-Packaged Optics：将光通信直接整合进封装，解决传统铜线远距离低能效问题这些模块是支撑高性能AI训练和推理架构扩展的基础能力。编辑/Rocky","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2544690225","isCrawlerRequest":true}