Latest news with #SmartNIC
Yahoo
28-05-2025
- Business
- Yahoo
Silicom Awarded $4M/Yr FPGA Smart NIC Design Win by New Fortune 500 Customer
KFAR SAVA, Israel, May 28, 2025 /PRNewswire/ -- Silicom Ltd. (NASDAQ: SILC), a leading provider of networking and data infrastructure solutions, today announced that it has secured a major FPGA Smart NIC win from a new customer, a Fortune 500 cloud-based service provider located in North America. The customer selected the Silicom card after a year-long process which included a thorough technical evaluation. Silicom is currently in the process of customizing the card's off-the-shelf version to match the customer's exact requirements, and will then roll out production. Initial deliveries are scheduled to begin towards the end of 2025, followed by a ramp-up through 2026. Once the full run rate is achieved, revenues related to the Design Win are expected to reach $4 million per year. "We are proud and excited that such a large and influential customer has selected our FPGA Smart NIC, a testament to our innovation, reliability and the rock-solid performance of our technology," commented Liron Eizenman, Silicom's CEO. "The customer's tests demonstrated clearly the performance edge that they can achieve using our solution, helping it maintain its top-tier service even as data volumes and security risks multiply. Other customers are very interested in similar solutions and have already engaged us." Mr. Eizenman continued, "We believe this is the tip of the iceberg with this customer, and are already exploring opportunities to supply additional components and systems for massive worldwide deployment. We are aiming to build a long-term partnership in which they rely on us for a variety of strategic solutions, in line with our plan for building our business and shareholder value." About Silicom Silicom Ltd. is an industry-leading provider of high-performance networking and data infrastructure solutions. Designed primarily to improve performance and efficiency in Cloud and Data Center environments, Silicom's solutions increase throughput, decrease latency and boost the performance of servers and networking appliances, the infrastructure backbone that enables advanced Cloud architectures and leading technologies like NFV, SD-WAN and Cyber Security. Our innovative solutions for high-density networking, high-speed fabric switching, offloading and acceleration, which utilize a range of cutting-edge silicon technologies as well as FPGA-based solutions, are ideal for scaling-up and scaling-out cloud infrastructures. Silicom products are used by major Cloud players, service providers, telcos and OEMs as components of their infrastructure offerings, including both add-on adapters in the Data Center and stand-alone virtualized/universal CPE devices at the edge. Silicom's long-term, trusted relationships with more than 200 customers throughout the world, its more than 400 active Design Wins and more than 300 product SKUs have made Silicom a "go-to" connectivity/performance partner of choice for technology leaders around the globe. For more information, please visit: Statements in this press release which are not historical data are forward-looking statements which involve known and unknown risks, uncertainties, or other factors not under the company's control, which may cause actual results, performance, or achievements of the company to be materially different from the results, performance, or other expectations implied by these forward-looking statements. These factors include, but are not limited to, Silicom's increasing dependence for substantial revenue growth on a limited number of customers, the speed and extent to which Silicom's solutions are adopted by the relevant markets, difficulty in commercializing and marketing of Silicom's products and services, maintaining and protecting brand recognition, protection of intellectual property, competition, disruptions to its manufacturing, sales & marketing, development and customer support activities, the impact of the wars in Gaza and in the Ukraine, attacks on shipping by Huthis in the Red Sea, rising inflation, rising interest rates and volatile exchange rates, as well as any continuing or new effects resulting from the COVID-19 pandemic, and the global economic uncertainty, which may impact customer demand by encouraging them to exercise greater caution and selectivity with their short-term IT investment plans. The factors noted above are not exhaustive. Further information about the company's businesses, including information about factors that could materially affect Silicom's results of operations and financial condition, are discussed in our Annual Report on Form 20-F and other documents filed by the Company and that may be subsequently filed by the company from time to time with the SEC. These forward-looking statements can generally be identified as such because the context of the statement will include words such as "expect," "should," "believe," "anticipate" or words of similar import. Similarly, statements that describe future plans, objectives or goals are also forward-looking statements. In light of significant risks and uncertainties inherent in forward-looking statements, the inclusion of such statements should not be regarded as a representation by the company that it will achieve such forward-looking statements. The company disclaims any duty to update such statements, whether as a result of new information, future events, or otherwise. Company Contact:Eran Gilad, CFOSilicom +972-9-764-4555E-mail: erang@ Investor Relations Contact:Ehud HelftEK Global Investor RelationsTel: +1 212 378 8040E-mail: silicom@ Logo: View original content: SOURCE Silicom Ltd. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
This AI Stock Could See Big Gains – Why JPMorgan Is Bullish on Marvell (MRVL)
We recently published a list of . In this article, we are going to take a look at where Marvell Technology Inc. (NASDAQ:MRVL) stands against other AI stocks that are on analyst's radar today. On May 27, JPMorgan analyst Harlan Sur reiterated an 'Overweight' rating on Marvell Technology, Inc. (NASDAQ:MRVL) with a $130.00 price target. Heading into Thursday's earnings report, analyst Harlan Sur is optimistic about the company's quarterly performance. In particular, Sur anticipates a steady uptick in volume for its AI ASIC programs, robust demand for 800G products, and the initial ramp of 1.6T optical DSPs. These trends are in turn expected to drive cyclical recovery in its enterprise and carrier segments. April quarter results are projected to reach around $1.875 billion, and guidance for the July quarter is estimated to exceed $2.00 billion; both aligning with the firm's consensus estimates. One particular segment anticipated to demonstrate solid growth is the datacenter segment. Cyclical improvements and new product cycles will also positively benefit Marvell. An assembly line in a semiconductor factory, with workers at their stations. Sur also noted momentum in Marvell's custom ASIC partnerships. He highlighted Amazon's ongoing production ramp with the Trainium 2 AI XPU ASIC, the expected high-volume ramp of the Trainium 3 program in 2026, and also Marvell's Microsoft AI ASIC MAIA Gen 2 program, which is expected to ramp in the same year. The firm noted how the company's AI ASICs and networking revenues could reach $4 billion this year. Last but not least, Sur anticipates that Marvell's custom datacenter and AI ASIC pipeline, including SmartNIC/DPU ASIC chips and eSSD controller ASICs, will be key contributors to long-term growth. Overall, MRVL ranks 7th on our list of AI stocks that are on analyst's radar today. While we acknowledge the potential of MRVL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MRVL and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
05-02-2025
- Business
- Yahoo
Google software engineer accused of stealing AI technology for China
SAN FRANCISCO (KRON) — A former Google software engineer stole artificial intelligence (AI) technology from the Silicon Valley tech giant, prosecutors said Tuesday. A federal grand jury returned an indictment Tuesday charging 38-year-old Linwei Ding, also known as Leon Ding, with seven counts of economic espionage and seven counts of theft of trade secrets. Google, which is headquartered in Mountain View, hired Ding as a software engineer in 2019. Between 2022 and 2023, Ding uploaded more than 1,000 files containing confidential information from Google's network to his personal Google Cloud account, according to the indictment. 'While Ding was employed by Google, he secretly affiliated himself with two People's Republic of China (PRC)-based technology companies,' the U.S. Attorney's Office Northern District of California wrote. By mid-2023, Ding had founded his own technology company focused on AI and machine learning in China and was acting as the company's CEO, according to investigators. 'Ding intended to benefit the PRC government by stealing trade secrets from Google,' prosecutors wrote. Salesforce cutting 1,000 jobs, hiring salespeople for AI China sponsors talent programs incentivized people to engaged in research and development outside the PRC to transmit that knowledge and research back in exchange for salaries, research funds, lab space, or other incentives, according to federal investigators. Ding is accused of stealing technology from Google relating to: The hardware infrastructure and software platform that allows Google's supercomputing data center to train and serve large AI models. Trade secrets about the architecture and functionality of Google's Tensor Processing Unit (TPU) chips and systems and Google's Graphics Processing Unit (GPU) systems, the software that allows the chips to communicate and execute tasks, and the software that orchestrates thousands of chips into a supercomputer capable of training and executing cutting-edge AI workloads. Trade secrets on Google's custom-designed SmartNIC, a type of network interface card used to enhance Google's GPU, high performance, and cloud networking products. The case is being prosecuted by Assistant U.S. Attorneys Casey Boome and Molly Priedeman, as well as trial attorneys Stephen Marzen and Yifei Zheng of the National Security Division's Counterintelligence and Export Control Section. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
CBS News
05-02-2025
- Business
- CBS News
Chinese national accused of stealing AI secrets from Google facing new charges
A Chinese national who has been indicted for allegedly stealing AI secrets from Google is facing additional charges, federal prosecutors said. The Department of Justice announced Tuesday that a grand jury indicted Linwei Ding, also known as Leon Ding, on seven counts of economic espionage and seven counts of theft of trade secrets. Ding, a 38-year-old software engineer who had lived in Newark, was previously indicted on four counts of theft of trade secrets last March after he allegedly stole 500 confidential files from Google. He was hired by the company in 2019, prosecutors said. According to the superseding indictment, Ding allegedly uploaded more than 1,000 files containing confidential company information into his personal Google Cloud account from May 2022 through May 2023. Prosecutors said the trade secrets pertained to the company's hardware infrastructure and software platform that allows Google's supercomputing data center to train and serve large AI models. "The trade secrets contain detailed information about the architecture and functionality of TPU chips and systems and GPU systems, the software that allowed the chips to communicate and execute tasks, and the software that orchestrated thousands of chips into a supercomputer capable of training and executing cutting-edge AI workloads. The trade secrets also pertain to Google's custom designed SmartNIC and related software," the indictment said. During that time, Ding was offered the position of chief technology officer of a Chinese-based tech company. Between Oct. 2022 and Mar. 2023, Ding was in China seeking to raise capital for the company, the indictment said. In May 2023, prosecutors said Ding had founded a second tech company in China focused on AI and machine learning and was acting as its CEO. The indictment also alleges that he uploaded more files from Google in Dec. 2023, which the company detected. Prosecutors said Ding did not tell Google that he had previously uploaded 1,000 files or his affiliations with the Chinese-based companies. Google uncovered the uploads after finding out that Ding had presented himself as CEO of one of the companies during an investor conference in Beijing, the indictment said. The FBI executed a search warrant at his home in Jan. 2024 and Ding was arrested two months later. According to prosecutors, Ding faces a maximum of 10 years in prison and up to a $250,000 fine for each trade secret count and 15 years in prison and a $5 million fine for each count of economic espionage.
