Under reported news of last wk. Ajinomoto cut supply to Chinese customers by 30%. Given its 95% global mkt share, this is a major problem for Chinese AI players. It will prompt the acceleration of val

HW Ascend/Atlas least exposed here as it uses a non-ABF based substrate (or at least we think so). The longer term solution is to use glass core substrate like Nvidia Rubin. This bypasses the Japanese supply chain entirely since BOE, Lens & other Chinese players — via @tphuang

Ajinomoto's 30% supply cut, with 95% market share, threatens Chinese AI players, accelerating CBF/NBF/GBF validation.