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Jefferies 2013 Global Technology Conference May 7, 2013
Leading the 10Gig Wave
Company Snapshot
May 7, 2013 2
Fabless semiconductor100+ employees
Total raised: $140MAcquired PLX/Teranetics assets in 9/12
Best-in-class 10Gigabit Ethernet (10GBASE-T)90nm, 65nm and 40nm (prod.), 28nm (dev.)
Market Leader in 10GE for Big Data & EnterpriseAquantia has shipped 2 Million 10GBASE-T ports
Market Leader in 10GE for Big Data & EnterpriseAquantia has shipped 2 Million 10GBASE-T ports
Silicon Valley, CA
Bangalore, India
St Petersburg, Russia
World -Class Executive Team
May 7, 2013 3
Faraj Aalaei President & CEO
Kamal Dalmia VP Sales & Mktg
Phil Delansay VP Biz Dev
Linda Reddick CFO
Ramin Shirani VP Engineering
Sreenivas Vaddi VP Operations
The Data Tsunami in Numbers
May 7, 2013 4
0
2,000
4,000
6,000
8,000
10,000
12,000
2011 2012 2013 2014 2015 2016Nonsmartphones Smartphones Laptops/NetbooksTablets Home Gateways M2MOther Devices
597 1,252
2,379
4,215
6,896
10,804
24%
48%
0
2,000
4,000
6,000
8,000
10,000
12,000
2011 2012 2013 2014 2015 2016
Data File Sharing Video VoIP Gaming M2M
597 1,252
2,379
4,215
6,896
10,804
Apps Driving Traffic
High-End Devices Multiply Traffic
Mobile Data Traffic by Application
Mobile Data Traffic by Device
Smartphone
Handheld Gaming Console
Tablet
Mobile Phone Projector
Laptop =
=
=
=
=
x 35 (1)
x 60 (1)
x 121 (1)
x 300 (1)
x 498 (1)
Device Type 2010
Usage Growth 2011
Usage Growth 2016
Usage Growth
Nonsmartphone 1.9 4.3 108
E-reader 0.5 0.73 2.8
Smartphone 55 150 2,576
Portable Gaming Console 244 317 1,056
Tablet 405 517 4,223
Laptop & Netbook 1,460 2,131 6,942
M2M Module 35 71 266
____________________Source: Cisco Visual Networking Index: Global Mobile Data Traffic Forecast Update, 2012 and Sandvine Research,2012.(1) Monthly basic mobile phone data traffic. (2) Usage growth measured in MB per month usage growth per device.
CAGR:
118.5%
128.5%
47.6%
Petabytes per Month
Petabytes per Month
CAGR:
36.3%
65.4%
35.9%
90.0%
76.3%
85.7%
(2) (2)(2)
With the move to mobility, video and the Cloud, global data traffic is increasing exponentially
With the move to mobility, video and the Cloud, global data traffic is increasing exponentially
The Access & Compute Bottleneck
May 7, 2013 5
Access LayerAccess Layer Compute LayerCompute Layer
1 billion GE ports shipping every year
90% of all Cloud servers shipped with
GE in 2012
GEGE
source: Cisco VNI
GE connectivity quickly
becoming insufficient
GE connectivity quickly
becoming insufficientGE
GE
Major Trends Driving 10GbE Demand • Data Explosion
– Internet traffic growth at over 30% CAGR– More powerful data centers in support of online
traffic– Tremendous wireless data growth driven by
mobile devices– Processor virtualization creates I/O bottleneck
in servers, fueling migration to 10GE– OpenFlow/SDN further consolidates
infrastructure, driving bandwidth demand
• Underlying Innovation– Xeon E5 series processors “pumping”
20~40Gbit/s of bandwidth– Intel Romley platform eases adoption of
10GbE• 2x adoption rate of Nehalem
10GbE Shipment Expected to Ramp Sharply
With 10GE native on Romley servers, ecosystem infrastructure is now in place for rapid adoption
With 10GE native on Romley servers, ecosystem infrastructure is now in place for rapid adoption
70.9
54.9
39.4
26.4
15.3
8.4
3.21.4
0
10
20
30
40
50
60
70
80(mm of units)
2008 2009 2010 2011E 2012E 2013E 2014E 2015E
____________________Source: Gartner and BofA Merrill Lynch.
10GbE Switching & Controller Forecast
May 7, 2013 6
The 10GE Data Center is ChangingIn 2012, 90% of Rack Server Ports were GE !
Next 5 years, applications and environment drive the need for 10GBASE-TIn 2012, 90% of Rack Server Ports were GE !
Next 5 years, applications and environment drive the need for 10GBASE-T
1st Wave/Early AdoptersHigh-frequency tradingHigh-Performance Computing• Latency sensitive• Cost insensitive• New installations• Low volume
2nd Wave/Massive AdoptionGeneral-purpose ComputingCorporate Data Center• Cost sensitive• Diverse, existing environment• Multi-vendor equipments• High volume
10GE massive-adopters
source: Dell’Oro
GE massive-adopters
May 7, 2013 7
• LOM solution available for the 1st time on Romley
– Intel launched the X540, world’s only integrated MAC/PHY
• Brings all the known attributes of BASE-T that IT organizations have dealt with for past 40 years– Ease-of-use of UTP and structured
cabling– Continuing cost and power reduction
following Moore’s Law
• And the result is, as expected…– 5M ports of 10GBASE-T in 2013,
40M in 2016
May 7, 2013 8
10GBASE-T: History Repeating Itself
source: Crehan
10GBASE-T Ecosystem Large and Expanding
30+ SKUs=
number of server platforms with 10GBASE-T
released to date
95%=
combined market share of switching OEMs that have a
10GBASE-T offering
May 7, 2013 9
� WORLD’S FIRST SINGLE-PORT PHY
� WORLD’S FIRST DUAL-PORT PHY
� WORLD’S FIRST DUAL-PORT MAC+PHY FOR LOM
� WORLD’S FIRST QUAD-PORT PHY
� WORLD’S MOST EFFICIENT RFI CANCELLATION
May 7, 2013 10
Aquantia’s Track Record
Market Opportunity
10GBASE-T
EnterpriseSMB SoHo$1.5B
Data CenterCloud Comp.$500M
May 7, 2013 11
Ethernet Transitions Create Next-Gen Leaders
May 7, 2013 12
By capitalizing on the transition to 10Gb Ethernet, Aquantia has the platform to become one of the next leaders in semiconductors
By capitalizing on the transition to 10Gb Ethernet, Aquantia has the platform to become one of the next leaders in semiconductors
10Gb Ethernet
1Gb Ethernet
100Mb Ethernet
10Mb Ethernet
• Market transition to 10Gb Ethernet is now in full swing in Data Centers– 10GBASE-T is the preferred and the fastest growing interconnect
technology– Ecosystem already well established with all major OEMs
• Aquantia is the 10GBASE-T market leader– 2 million ports shipped to date, that’s more than ALL competitors
combined
• Technology expected to proliferate into adjacent markets (Enterprise, SMB, SoHo)– Targeting the upgrade of the 1B ports of GE shipping every year
• Ethernet PHY historically a company-making market
May 7, 2013 13
Summary
THANK YOU!
