SemiAnalysis says chip supply is currently relatively excessive while data center power is constrained
BIBIBI
AT A GLANCE
The head of research at SemiAnalysis said that chip supply is currently relatively excessive and power is constrained, and warned that 2028 data centers could face oversupply.
Article
SemiAnalysis：2028 Annual data centers may face oversupply, with chip oversupply and power constraints currently in place
BlockBeats reports that October 22, Jeremie Ontiveros, head of data center and energy research at semiconductor research firm SemiAnalysis, said that the market is currently experiencing a certain degree of chip oversupply, and that obtaining GPU is easier than obtaining data center power. He noted that data centers are relatively easy to forecast because they can be tracked in advance through infrastructure signals, while the chip supply chain is more volatile. Looking ahead to 2026 and 2027, the market is demonstrating strong energy responsiveness.
Ontiveros warned that by 2028, supply chain risks could reverse, creating a potential risk of data center oversupply. Compared with chip oversupply, the industry is currently more concerned about an oversupply of data services. The pace of expansion in the chip supply chain will be a key metric to monitor closely going forward. This expansion is a strong positive signal for capital expenditure, including investment in new semiconductor fabs and the purchase of new equipment.
Original link https://m.theblockbeats.info/flash/373253
Key points
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BlockBeats said the report was published on October 22。
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Jeremie Ontiveros, head of data center and energy research at SemiAnalysis, said that the market is currently experiencing a certain degree of chip oversupply.
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Jeremie Ontiveros said that obtaining GPU is easier than obtaining data center power.
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Jeremie Ontiveros believes that data centers can be tracked in advance through infrastructure signals, while the chip supply chain is more volatile.
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Jeremie Ontiveros said that, looking ahead to 2026 and 2027 the market is demonstrating strong energy responsiveness.
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Jeremie Ontiveros warned that by 2028 supply chain risks could reverse, creating a potential risk of data center oversupply.
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Jeremie Ontiveros said that the pace of expansion in the chip supply chain will be a key metric to monitor closely going forward.
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The original text states that this expansion is a strong positive signal for capital expenditure, including investment in new semiconductor fabs and the purchase of new equipment.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This content distinguishes among the supply of chips, data center power, and data services. The speaker's assessment is that chips are currently relatively abundant, while data center power is more difficult to obtain; if the supply chain continues to expand, data center supply could exceed demand in 2028 year.
Why it matters to readers
The material considers the pace of expansion in the chip supply chain to be the key focus for subsequent monitoring, and views the construction of new semiconductor fabs and the purchase of new equipment as positive signals for capital expenditure; meanwhile, data centers could face oversupply in the future.
Beginners should understand the “current situation” and “future forecast” separately: chip oversupply and power constraints describe the speaker's view of the current market, while data center oversupply in 2028 year is a risk assessment, not an outcome that has already occurred.
Risks and unknowns
2028 Whether data centers will face oversupply in
year has not yet been factually verified.
The material does not provide quantitative data on chip oversupply, power constraints, or data center supply and demand.
The specific metrics and scale of “strong energy responsiveness” are not specified.
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Related concepts
GPU
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