Credo Leverages SerDes Expertise to Deliver Energy Efficient PCIe 6 and 7 Retimers

San Jose, Calif., October 14, 2024 – Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, is excited to announce the company’s first Toucan PCI Express (PCIe) 6, Compute Express Link (CXL) 3.x and Magpie PCIe 7, CXL 4.x retimers and OSFP-XD 16x64GT/s (1Tb) PCIe6/CXL HiWire AECs. Credo will demonstrate the Toucan PCIe 6 retimers and HiWire AECs at the upcoming Open Compute Project (OCP) Summit October15-17 in Booth31 and the OCP Innovation Center.

Building on Credo's renowned Serializer/Deserializer (SerDes) technology, the new PCIe 6 and PCIe 7 retimers deliver industry leading performance and power efficiency while being built on lower cost, more mature process nodes than competing devices. Credo will also include enhanced diagnostic tools, including an embedded logic analyzer and advanced SerDes tools driven by a new GUI designed to enable rapid bring up and debug of customer systems.

To see a brief video overview of the Credo PCI Express retimers and cables, go here.

"Credo is excited to extend our leadership into a new category of high-speed connectivity with the introduction of the Toucan PCIe 6 and Magpie PCIe 7 retimers," said Phil Kumin of Credo, Associate Vice President of PCIe Product. “By leveraging a mature process technology node, we are well positioned to achieve a cost advantage over our competition. Furthermore, with our SerDes already under evaluation on Tier 1 reference platforms, Credo is well positioned to capitalize on the AI industry’s transition to PCIe 7 and take advantage of the throughput improvement.”

“As PCIe speeds climb to 64GT/s and 128GT/s, retimers are increasingly critical components.” Said Dr. Debendra Das Sharma, Intel Senior Fellow, Chief Architect of I/O Technology and Standards in the Data Center Platforms and Artificial Intelligence Group at Intel Corporation. “As a leader in PCIe, we commend Credo for their investment in PCIe6/CXL3.x and PCIe7/CXL4.x retimers and we’re excited to collaborate with them on pre-silicon co-simulation.

Credo’s Toucan PCIe6/CXL3.x retimer, based on the TSMC N7 process technology, will sample in Q4, 2024. Toucan offers a full DSP SerDes to support PAM4 PCIe channels up to 43dB, enhanced diagnostic tools including an embedded logic analyzer, and x16 power of 11W. Credo’s Magpie PCIe7/CXL4.x retimer, based on the TSMC N5 process node, will begin sampling in H2 2025.

About Credo

Our mission is to deliver high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. Credo is an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Our innovations ease system bandwidth bottlenecks while simultaneously improving on power, security, and reliability. Our connectivity solutions are optimized for optical and electrical Ethernet applications, including the emerging 100G (or Gigabits per second), 200G, 400G and 800G port markets. Our products are based on our proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Our product families include integrated circuits (ICs), Active Electrical Cables (AECs) and SerDes chiplets. Our intellectual property (IP) solutions consist primarily of SerDes IP licensing.

For more information, please visit: https://www.credosemi.com. Follow Credo on LinkedIn and Twitter.

Live Demos to Include Newly introduced PCI Express 6.0 Devices and CXL Interconnect

San Jose, Calif, October 14, 2024: Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO) an innovator in providing secure, high-speed connectivity solutions that deliver energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, is excited to announce its participation in the upcoming OCP Global Summit from October 15-17, 2024, in San Jose, CA. The event will provide Credo with a platform to showcase generative AI, general compute and operator focused connectivity solutions and include multiple presentations by Credo executives.

Conference: OCP Global Summit
Date: October 15-17, 2024
Location: San Jose Convention Center, San Jose, CA
Locations:  Booth B31 and the OCP Innovation Village

Credo-OCP

Credo Exhibit Highlights:

Credo will demonstrate Toucan, its newly introduced PCI Express (PCIe) 6.0 retimer, and 1Tb OSFP-XD PCIe6 (16x64Gb) Active Electrical Cable (AEC). In addition, Credo will display its 800G sub-10W OSFP optical modules with Linear Receive Optics (LRO) capability interoperating with 51T switches and standard DSP modules.

In the OCP Innovation Village, Credo is working with AMD, GIGABYTE, MemVerge, MSI, Penguin Solutions, Rittal, SMART Modular Technologies, and XConn to show live demonstrations of PCIe and Compute Express Link (CXL) interconnect.  Additionally, the solution providers will showcase how rack power/density increases as liquid cooling technology penetrates the data center.

The first live demonstration of a rack-scale shared H100 GPU will consist of an AMD EPYC server connected to an XConn PCIe 5 switch via Credo OSFP-XD PCIe AECs, with the XConn switch further driving two chassis of NVIDIA H100 GPUs.

In the second live demonstration, a rack-scale CXL2.0 shared memory system will be demonstrated withMemory Machine X software from MemVerge showing AMD EPYC 9005 servers connected to an XConn CXL switch via Credo CXL AECs, the XConn CXL Switch connecting to two chassis full of CXL memory – one based on CEM AIC form factor from SMART Modular – one based on the E3 form factor from Micron. This will enable the servers to fully access and share the CXL memory using the CXL.mem protocol.

In the third showcase, a series of three AI GPU racks will illustrate the impact of liquid cooling on racking and network configurations. A 10kW air cooled rack, a 50kW air cooled rack, and a 120kW liquid cooled rack, all based on the Open Rack v3 (ORv3) standard with the Rittal liquid cooling plenum attached, and a full set of networking interconnect based on Credo’s AECs and optical devices, will be connected to support the front-end, scaleout and scaleup Networks necessary for these advanced racks.

To view a video preview of the Credo OCP demonstrations, go here.

Credo Comment:

“Credo is pleased to be part of the OCP Global Summit, the leading event for showcasing the technologies designed to address increasing data infrastructure demands,” said Don Barnetson VP of Product for PCIe/CXL at Credo. “The new Credo PCIe6 and CXL solutions, including the Toucan retimer and OSFP-XD Active Electrical Cables, are designed to revolutionize connectivity for next generation data center and GPU designs and provide our customers with the tools to achieve enhanced performance and efficiency.”

Comments from Other Innovation Center Participants:

“As AI and high-performance computing workloads become more complex, the demand for scalable, memory-centric infrastructure is growing exponentially,” said Gerry Fan, CEO of XConn Technologies. “Our XConn Apollo switch is designed to meet this demand head-on by enabling seamless integration of both PCIe and CXL in a single solution, offering unparalleled flexibility and performance for system designers. Our partnership with Credo is particularly valuable, as their advanced connectivity solutions are critical in driving the low-latency, high-bandwidth connectivity required to unlock the full potential of our switch technology. Together, our live demonstrations at the OCP Innovation Village will highlight the transformative potential of this collaboration, from GPU sharing to memory pooling, setting the stage for the next generation of data center architectures.”

“Our new 4- and 8-DIMM CXL add-in-cards make it incredibly easy for memory pooling appliances and CXL capable servers to expand server memory to handle the rapid increase in demand for in-memory databases, feature stores, as well as real-time data center and edge applications,” said Andy Mills, vice president of advanced product development at SMART.  

"Today we are demonstrating how exceeding the typical limit of 8 GPU per server can accelerate AI applications running on a single server,” said Phil Pokorny, chief technology officer/CTO of Penguin Solutions. “This can simplify management tasks compared to scaling with multiple machines. In addition, once disaggregated this way, the GPU becomes composable, with multiple servers and the GPU sharing the same switches delivering additional flexibility."

“The availability of optical technology like Credo retimers and optical modules is required for CXL environments to scale,” said Charles Fan, CEO and Co-founder of MemVerge. “Software like Memory Machine X from MemVerge is also required to visualize, intelligently tier data, and share data on CXL memory.”

“At MSI, we are excited to present the S2206-02 platform, crafted to meet the evolving demands of modern data centers,” said Danny Hsu, General Manager of MSI’s Enterprise Platform Solutions. “With dual AMD EPYC 9005/9004 Series processors, support for seven PCIe add-on cards, and flexible networking options, this system delivers exceptional performance for AI, cloud computing, and other high-performance applications. We look forward to collaborating with Credo to drive innovation and help organizations achieve higher productivity.” 

Credo invites all OCP Global Summit attendees to visit booth #B31, the Innovation Village Exhibit Center and attend the Credo presentations to learn more.

To learn more about the Credo Products in this release go to the product pages linked here.

About Credo 

Our mission is to deliver high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. Credo is an innovator in providing secure, high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Our innovations ease system bandwidth bottlenecks while simultaneously improving on power, security, and reliability. Our connectivity solutions are optimized for optical and electrical Ethernet applications, including the emerging 100G (or Gigabits per second), 200G, 400G,800G and the emerging 1.6T (or Terabits per second) port markets. Credo products are based on our proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Our product families include Integrated Circuits (ICs) for the optical and line card markets, Active Electrical Cables (AECs) and SerDes Chiplets. Our intellectual property (IP) solutions consist primarily of SerDes IP licensing.

For more information, please visit https://www.credosemi.com. Follow Credo on LinkedIn.

San Jose, Calif, September 10, 2024: Credo Technology Group Holding Ltd (“Credo”) (Nasdaq: CRDO), an innovator in providing secure and high-speed connectivity solutions is pleased to announce a new family of HiWire Active Electrical Cables (AECs) targeted specifically for the growing 400G Q112 network port market for China Hyperscale Data Centers, addressing the need for AI/ML backend network connections to Top of Rack (TOR) Switches.

Credo Shift AEC

The new HiWire Shift cables are based on Credo’s market leading 800G HiWire AECs. They offer outstanding energy efficiency, higher performance than previous solutions, and extreme reliability for up to 100M hours MTBF for critical AIML applications.  Members of the new HiWire Shift AEC family are sampling now, with production scheduled for Q1/2025 and including the following:

“To meet the specific demands of hyperscalers in China that require the Q112 TOR interface, Credo is extending our 800G HiWire AEC family by introducing the new HiWire Shift family which includes three new Q112 products,” said Ameet Suri, Head of AEC Product and Business Development.  "HiWire AECs continue to gain traction with Hyperscalers for NIC to TOR connectivity and we look forward to extending that reach even further in the China market with these new AEC offerings.”

“QSFP112 will be a critical node for AI/ML backend Networks in the China Hyperscale Market.”  said Alan Weckel, Principal at 650 Research.  “It makes sense that new customers in China would consider Credo’s AEC leadership position when looking for a trusted supplier offering low-power, high performance solutions.”

Credo will demonstrate these new HiWire Shift AECs at the upcoming China International Optoelectronic Expo (CIOE) 2024 Conference (CIOE) in Shenzhen, China Sept. 11 – 13, 2024.  CIOE attendees are encouraged to visit Credo in booth #12C29 to learn more about these new HiWire devices

To learn more about the Credo products in this release go to the product pages linked here.

About Credo 

Our mission is to deliver high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. Credo is an innovator in providing secure, high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Our innovations ease system bandwidth bottlenecks while simultaneously improving on power, security, and reliability. Our connectivity solutions are optimized for optical and electrical Ethernet applications, including the emerging 100G (or Gigabits per second), 200G, 400G,800G and the emerging 1.6T (or Terabits per second) port markets. Credo products are based on our proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Our product families include Integrated Circuits (ICs) for the optical and line card markets, Active Electrical Cables (AECs) and SerDes Chiplets. Our intellectual property (IP) solutions consist primarily of SerDes IP licensing.

For more information, please visit https://www.credosemi.com. Follow Credo on LinkedIn.

“This transition falls perfectly in line with Credo’s mission to deliver high-efficiency and low-power solutions,” says Joe Sheredy, Vice President of Systems Engineering and Site Operations. “While we help our customers address environmental sustainability through products, we must also do everything we can to support green energy initiatives in our everyday operations.”

By investing in TotalGreen, Credo also helps to contribute to investments that SJCE is taking to provide more sources of renewable energy to the area. Some examples include the Kerns Solar Plus Battery Project, which works to make the California renewable power grid more reliable, while having huge environmental benefits, equivalent to 670,000 cars off the street.

Renewable energy is the future for all industries, but especially in Silicon Valley. By switching to renewable energy, Credo is helping to avoid the emission of carbon dioxide into the atmosphere, which+ is linked to ozone layer depletion and the rise of global temperatures. global temperature rise Making the choice to switch to completely using renewable energy is also protecting the human right to a safe environment, along with being able to protect vulnerable populations, who are often disproportionately affected by the climate crisis.

Credo hopes to lead companies in the area to the future, by proving the feasibility and reliability of renewable power in running labs and other production functions. Further, Credo is doing its part in helping the city of San Jose hit its carbon neutrality goal by 2030, with transitioning to renewable energy one of the plans main strategies. By making this first step towards renewable and sustainable energy sources, Credo looks to minimize our individual employee footprint while setting a precedent for Credo’s other offices around the world. Along with other steps we've taken in the past year, like working with suppliers to ensure carbon offset strategies as well as calculating our greenhouse gas emissions with the Minimum Corporation, all these steps work towards a better and greener future for all humanity.

San Jose, California, August 26, 2024 - Credo Semiconductor Inc. (Credo) has been awarded a Top Workplaces 2024 honor by San Francisco Bay Area Top Workplaces. This list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage LLC. The confidential survey uniquely measures the employee experience and its component themes, including employees feeling “Respected & Supported,” “Enabled to Grow,” and “Empowered to Execute,” to name a few.

Bill Brennan, Credo President and CEO said: “Team Credo has always exemplified the spirit of the meaning of Credo, which is ‘Believe’. Our high-bandwidth connectivity solutions are a critical enabler for generative AI platforms, driving innovation and excellence in the industry. It’s an honor to receive the Top Workplace designation and it is a testament to our team's passion, persistence, and creativity, which are the true catalysts of our success.” 

“Earning a Top Workplaces award is a badge of honor for companies, especially because it comes authentically from their employees,” said Eric Rubino, Energage CEO. “That's something to be proud of. In today's market, leaders must ensure they’re allowing employees to have a voice and be heard. That's paramount. Top Workplaces do this, and it pays dividends.”

About Credo

Our mission is to deliver high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. Credo is an innovator in providing secure, high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Our innovations ease system bandwidth bottlenecks while simultaneously improving on power, security, and reliability. Our connectivity solutions are optimized for optical and electrical Ethernet applications, including the emerging 100G (or Gigabits per second), 200G, 400G,800G and the emerging 1.6T (or Terabits per second) port markets. Credo products are based on our proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Our product families include Integrated Circuits (ICs) for the optical and line card markets, Active Electrical Cables (AECs) and SerDes Chiplets. Our intellectual property (IP) solutions consist primarily of SerDes IP licensing.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact could be deemed forward-looking statements, including, but not limited to, any statements regarding: launches of new or expansion of existing products or services; technology developments and innovation; our plans, strategies or objectives with respect to future operations; future financial results; expectations regarding the markets and industries in which Credo conducts business; and assumptions underlying any of the foregoing. Words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would,” “outlook,” “forecast,” “targets” and similar expressions, or their negatives, may identify such forward-looking statements. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that may cause actual events or results to differ materially from those described in this press release. Readers are encouraged to review risk factors and all other disclosures appearing in Credo’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission (SEC) on June 24, 2024, as well as Credo’s other filings with the SEC, for further information on risks and uncertainties that could affect Credo’s business, financial condition and results of operation. Copies of these filings are available from the SEC, Credo’s website or Credo’s investor relations department. Forward-looking statements speak only as of the date they are made. Credo assumes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date herein.

Awards

About Energage

Making the world a better place to work together.TM

Energage is a purpose-driven company that helps organizations turn employee feedback into useful business intelligence and credible employer recognition through Top Workplaces. Built on 18 years of culture research and the results from 27 million employees surveyed across more than 70,000 organizations, Energage delivers the most accurate competitive benchmark available. With access to a unique combination of patented analytic tools and expert guidance, Energage customers lead the competition with an engaged workforce and an opportunity to gain recognition for their people-first approach to culture. For more information or to nominate your organization, visit energage.com or topworkplaces.com.

One main area of work is their STEAM/STEAM kits, which are made from recycled materials donated by local companies. “Each year, we divert about 300 tons of materials from ending up in landfills,” says Kate Ball, Director of Development at RAFT. “When we have those materials, we take a look at them and see their different respective attributes.” Kits are then conceptualized with the help of educators, who work to keep them in line with Next Generation Science Standards and Common Core Standards in alignment California state requirements.

“Science instructional minutes has been a huge challenge over the last few years,” says Ball. “A lot of times too, teachers don't feel like they have access or understanding of, say, the tech industry. What we do is try to make those subjects accessible for the teachers as well, so they feel confident leading their students through these lessons.”

RAFT also contributes to equitable education in other ways, including their Maker Mobiles, which are two vans equipped with technology and materials to be able to bring hands-on activities typically found only in a makerspace. “We make it more accessible for more schools by having a van come out and bring those activities out there,” says Ball. “We’re also very focused on expanding what we call our STEAM Dream program. This year, we're hosting over 1000 students at different campsites using all the RAFT kits. Credo actually helped pack the kits for our STEAM Dream Camp,” she laughs.

Companies like Credo in Silicon Valley also donate equipment and other classroom essentials that are then sold at discounted prices to teachers. “The other side of it is just affordability. Teachers are often expected to pay out of pocket to supply their classrooms, and so that can be a burden.”

In line with Goal 4 of the United Nation’s Sustainable Development Goals (SDGs), Credo aims to support and ensure inclusive, equitable, and affordable education opportunities for all. Continuing our work with Year Up, a tuition-free job training program also in the Bay Area, by volunteering with RAFT and helping to provide resources, Credo aims to be a good neighbor to the surrounding community and establish working relationships with various community organizations.

“We started at the same time that a lot of companies started up in the Silicon Valley area,” says Ball.  “So, we're very proud of the partnerships that we have with companies like Credo that not only offer their recycled materials, but also offer the time of their employees to volunteer to help pack our kits and create those supplies for teachers in the classroom.”

When asked about what the biggest thing an individual could do to support RAFT, Ball stresses the importance of having volunteers come in and help. “I think it really helps people understand what the education community is like in the Bay Area especially.”

“RAFT is really trying to be that resource through our donating materials and through our kits and through our programs that we're able to bring those things at a very low cost to our teachers,” says Ball.” Through the generosity of organizations like Credo, we're able to bring those things through a grant or a gift to a specific school or to a district for free or at a very low cost so that they can have access to those things.”

We look forward to seeing RAFT again at their 30th anniversary ball in September!

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