“Consistent with this trend in Q3 we forecast non AI semiconductor revenue to be approximately $4.5 billion, up 12% from a year ago.”

In context

“e strongest balance sheets to deliver at scale sufficient compute capacity at the lowest cost and power for the leading AI frontier labs. Including entropic and OpenAI. To deliver this vision, we are creating the AI XPU platform. With Apollo and Blackstone and other leading investors to deploy more than 20 gigawatts of compute capacity through 2020. The first trench of this platform valued at $35 billion is in fact currently being launched. By Apollo. Now, turning to non AI semiconductors. Q2 revenue of $4.2 billion was up 6% year on year. Bookings during the same period exceeded $6 billion. Which is a clear indication we are on the path towards a full cyclical recovery. Broadband, server storage, and enterprise networking together were up partially offset by seasonal decline in wireless. Consistent with this trend in Q3 we forecast non AI semiconductor revenue to be approximately $4.5 billion, up 12% from a year ago. In summary, we expect Q3 semiconductor revenue to be $20.5 billion, up 124% year on year. Let me turn to infrastructure software segment. Q2 software revenue $7.2 billion was up 9% year on year, in line with our guidance. Bookings continued to be strong as we sustained ARR growth of 17% year over year. For Q3, we forecast software revenue to be approximately $8.9 billion, up 31% year on year. We just released VMware Cloud Foundation 9.1 focused on improving infrastructure efficiency, security, and support for enterprise. AI inferencing workloads. With strong server demand globally, the deployment of VCF 9.1 for on-prem cloud computing is extremely strong. Driving robust revenue growth. This release adds heterogeneous compute support across GPUs, and CPU architectures. Including AMD, Intel”