$AMD

Summary

AMD Helios rollout ramping; Taiwan AI server supply chain gearing up in 2H26. AMD positioned as core AI diversification play vs NVIDIA.

Reasoning

Helios deployment beginning 2H26 with full ramp Q4; MI300/350 establishing as core compute pillars; hyperscalers (MSFT, Meta, xAI) adopting; ODM production ramp underway.

>> AMD Accelerates Helios Rollout… Taiwan AI Server Supply Chain Gears Up in Earnest • AMD is accelerating the introduction of its next-generation Helios rack-scale AI platform, with full-scale mass production deployment set to begin in 2H26. As North American CSPs broaden their adoption of AMD AI GPU platforms, Taiwanese ODMs are also moving into production-ready mode. • Major ODMs including Wistron, Wiwynn, and Inventec have already begun mass production preparations, with sequential shipments expected to start as early as late Q2 to Q3, followed by a full-scale ramp in Q4. The market views rising AMD platform penetration—alongside expanding rack-scale AI server demand—as a new growth engine for the Taiwan AI server supply chain. • TrendForce notes that the top five North American hyperscalers are sharply increasing rack-scale AI server purchases this year to expand their AI training and inference infrastructure. Accordingly, NVIDIA GB300, AMD Helios, and CSPs' own ASIC platforms are all expected to enter large-scale buildout phases simultaneously. • The industry view is that cloud companies have aggressively expanded AMD purchases over the past year to avoid excessive concentration of AI compute resources on NVIDIA. AMD's MI300 and MI350 series, in particular, are establishing themselves as one of the core pillars of hyperscalers' future high-performance AI server expansion, positioning AMD as a key player in AI supply chain diversification. • Microsoft is currently the most aggressive CSP in adopting AMD AI infrastructure, having designated AMD as its second AI accelerator platform. Helios rack systems will begin mass production shipments in 2H26, with MI450-based AI rack systems targeted for deployment before year-end and MI500 series adoption planned for 2027. • Meta is likewise leveraging AMD platforms as an important supplementary compute resource within its "Meta Compute" strategy, aiming to build a hybrid ASIC compute architecture beyond its NVIDIA-centric structure. xAI is also cited as a key customer that has adopted the AMD Helios rack system as core compute infrastructure for AI development. • Within the Taiwan supply chain, Wistron has secured a substantial volume of AMD front-end board orders and will support shipments of the new platform through its newly built Zhubei Plant 2. Inventec is expected to see a meaningful shipment ramp from Q4 on the back of growing orders from large CSP customers, while Wiwynn is also projected to gradually increase Helios rack system shipments from Q3 onward. $AMD

Return by horizon