What Credo Semiconductor does

Credo Semiconductor is a public fabless semiconductor company (Nasdaq: CRDO, founded 2008, headquartered in San Jose) that designs and sells high-speed connectivity solutions for AI data centers, hyperscale cloud networks, and 5G infrastructure. The company's product portfolio is built on an industry-leading SerDes IP foundation spanning 28G to 224G PAM4 across process nodes from 3nm to 28nm, and is vertically integrated across Active Electrical Cables (ZeroFlap AECs at 100G to 1.6T, a category Credo invented), optical transceivers (ZeroFlap Optics, Cardinal 1.6T DSP, Bluebird, Robin, Lark, Dove, Seagull families), multiprotocol retimers and MACsec devices (Blue Heron 224G, Screaming Eagle, Black Hawk, Bald Eagle, Osprey, Owl), PCIe retimers (Toucan Gen5/Gen6 with PCI-SIG compliance at 32.0 GT/s), OmniConnect Weaver memory fanout gearbox chiplets for AI inference, silicon photonics PICs (acquired from DustPhotonics with L3C laser-coupling technology), and micro-LED interconnects (acquired from Hyperlume). All products are unified by the PILOT (Predictive Integrity, Link Optimization, and Telemetry) software platform, which provides telemetry, debug tools, and AI-powered predictive link analytics.

The company generates revenue primarily through direct enterprise sales of connectivity hardware to leading US hyperscalers building AI infrastructure, complemented by regional channel partners (WPG Americas, Net One Systems in Japan), SerDes IP and chiplet licensing (including through the Arm Total Design ecosystem), and patent licensing (e.g., AEC patents licensed to The Siemon Company, agreement with 3M). Pricing is quote-based on multi-year contracts; AECs are referenced at approximately $500 per cable in third-party reporting. Credo invented the AEC product category and holds what 650 Group describes as a leadership position in AEC market share, with three hyperscalers each accounting for over 10% of revenue and customer concentration declining from 86% to approximately 35% for the largest customer.

Recent operating results indicate rapid scaling: Q1 FY2026 revenue of $223M (+274% YoY), Q3 FY2026 revenue of $407M (+201.5% YoY, +51.9% QoQ) with GAAP net income of $157.1M, and Q4 FY2026 guidance of $425-435M. The company maintains a $1.3B cash balance and has executed an active M&A program, completing acquisitions of Hyperlume (micro-LED, Nov 2025), CoMira Solutions (link-layer IP, Mar 2026), and DustPhotonics ($750M cash + stock, closed May 2026). Engineering offices span the US, Canada, China, Taiwan, Hong Kong, and Singapore, with 501-1,000 employees.

Name

Credo Semiconductor

Legal name

Credo Technology Group Holding Ltd

Website

https://credosemi.com

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Credo Semiconductor (Nasdaq: CRDO) is a fabless semiconductor company that designs high-speed SerDes-based connectivity solutions — Active Electrical Cables, optical transceivers, retimers, optical DSPs, silicon photonics, and the PILOT diagnostics platform — for AI data centers, hyperscale clouds, and 5G, serving US hyperscalers and AI infrastructure providers.

Ownership category

akta.pro rank

Product category

Semiconductor Connectivity Solutions

NAICS

Computer and Peripheral Equipment Manufacturing (33411), Electronic Connector Manufacturing (334417)

SIC

Computer Communications Equipment (3576)

akta.pro primary industry

Network Hardware Components (ASICs/NICs/Transceivers) (HDABAFAN)

akta.pro secondary industries

High-Performance Networking Adapters (InfiniBand/RDMA/Ultra-Low Latency) (HDAFAEAD), PHYs, Retimers & Gearbox Components (Signal Conditioning) (HDAFAEAH), AI Hardware IP & Chiplet/Packaging for Accelerators (EDA/IP, advanced packaging) (HDAAAAAL), AI Networking for Clusters (InfiniBand/Ethernet/RDMA) (HDAAAAAE)

Keywords

• High-speed SerDes IP
• Active electrical cables
• Optical transceivers
• Semiconductor retimers
• Data center connectivity

Headquarters

HQ city

San Jose

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Infrastructure

Revenue model

1. Active Electrical Cable (AEC) Hardware Sales: Credo's distinctive purple ZeroFlap AECs sold in volumes up to 7m reach at 100G to 1.6T speeds to hyperscalers building AI data center infrastructure. AEC product family drove significant share of Q3 FY2026 revenue of $407 million.
2. Optical DSP and Optical Transceiver Sales: Sales of optical DSPs (Robin, Cardinal, Bluebird, Lark, Dove, Seagull families) and ZeroFlap optical transceivers at 50G to 1.6T data rates for hyperscale data center and AI compute fabric deployments.
3. Retimer and MACsec IC Sales: Sales of multiprotocol retimers and MACsec devices (Blue Heron, Screaming Eagle, Black Hawk, Bald Eagle, Osprey, Owl) for AI scale-up and scale-out applications at 25G NRZ to 224G PAM4.
4. SerDes IP and Chiplet Licensing: Licensing of Credo's core SerDes IP (28G to 224G) spanning IP3 (3nm), IP5 (5/4nm), IP7 (7/6nm), IP12 (16/12nm), IP28 (28nm) process nodes and chiplets (Nutcracker 2) for integration into customer ASICs and MCM SoC designs.
5. Silicon Photonics Product Sales: Sales of silicon photonics PIC products and integrated optical solutions following the DustPhotonics acquisition, targeting 800G, 1.6T, and 3.2T near-packaged optics and co-packaged optics for AI infrastructure and hyperscale networks.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Credo designs, develops, and sells high-speed connectivity semiconductor solutions — including Active Electrical Cables (AECs), optical transceivers, optical DSPs, retimers, PCIe retimers, silicon photonics PICs, and SerDes IP/chiplets — for AI data center and hyperscale cloud customers. Its vertically integrated stack is unified by the PILOT diagnostic and analytics software platform, enabling reliable, energy-efficient connectivity at 100G to 1.6T speeds for GPU-to-GPU communications in large AI clusters.

Product overview

Credo offers a vertically integrated high-speed connectivity platform rather than a single product, anchored by its industry-leading SerDes technology and spanning Active Electrical Cables (ZeroFlap AECs), Optical Transceivers (ZeroFlap Optics including 800G 2xDR4), MicroLED-based Active LED Cables, a portfolio of Optical DSPs (Cardinal 1.6T, Bluebird 1.6T, Robin, Lark, Dove, Seagull), multiprotocol Retimers and MACsec devices (Blue Heron, Screaming Eagle, Black Hawk, Bald Eagle, Osprey, Owl), PCIe Retimers (Toucan Gen5/Gen6, with OSFP-XD Toucan PCIe AECs), AI memory and chip-to-chip interconnect (OmniConnect Weaver memory fanout gearbox chiplet), Silicon Photonics PICs (acquired from DustPhotonics with L3C technology), and SerDes IP and Chiplets (IP3 through IP28 plus Nutcracker 2) — all unified by the PILOT diagnostic and analytics software platform that provides telemetry, debug, and AI-powered predictive link reliability across the full stack for AI infrastructure, cloud, and hyperscale data centers.

Differentiator

Problem solved

Functional benefit

Brands

• ZeroFlap (ZF): Credo's flagship product line of Active Electrical Cables (AECs) and optical transceivers engineered to deliver zero soft link flaps for lossless AI cluster RDMA backends.
• PILOT
• OmniConnect

Products and services

• ZeroFlap Active Electrical Cables (AECs) Credo's distinctive purple ZeroFlap Active Electrical Cables deliver zero soft link flaps for lossless backend RDMA networks in AI clusters. Available at 100G, 200G, 400G, 800G, and 1.6T speeds in 56G/lane and 112G/lane variants, integrating low-power retimers, gearboxes, and FEC circuitry inside cable connectors for reach from 0.5m to 7m. Credo invented the AEC category.
• ZeroFlap Optical Transceivers ZeroFlap Optical Transceivers deliver enhanced link telemetry reporting, autonomous link health monitoring, and on-transceiver non-volatile event logging across 800G, 400G, and 200G DR/DR4/DR8 form factors (OSFP-RHS, OSFP-IHS, QSFP-DD, QSFP56) to virtually eliminate optical link flaps in AI backend fabrics.
• Optical DSPs (Cardinal, Bluebird, Robin, Lark, Dove, Seagull) High-performance, energy-efficient PAM4 optical DSPs spanning 50G to 1.6T (Cardinal at 1.6T 200G/lane, Bluebird 1.6T, Robin 800G, Lark 800G low-power, Dove 400G/100G, Seagull 400G/200G/100G/50G) for fully retimed optical transceivers, Linear Receive Optics modules, and active optical cables in hyperscale and AI compute fabrics.
• Silicon Photonics PICs Silicon photonics PIC technology featuring L3C (Low Loss Laser Coupling) for off-the-shelf laser integration. Provides waveguides, splitters, combiners, WDM components, fast modulators and detectors for high-speed, low-power optical links in data centers and AI systems across 800G, 1.6T, and 3.2T near-packaged optics and co-packaged optics.
• Retimers and MACsec (Blue Heron, Screaming Eagle, Black Hawk, Bald Eagle, Osprey, Owl) Multiprotocol PAM4/NRZ retimers, gearboxes, and MACsec devices for AI scale-up and scale-out line card and backplane connectivity. Blue Heron is the industry's first 224G multiprotocol AI scale-up retimer. The family scales from 25G NRZ to 224G PAM4, optimized for 100G to 1.6T applications.
• PCIe Retimers (Toucan) Toucan PCIe/CXL retimers extend PCIe trace lengths between root-complex and endpoints (GPUs, SmartNICs, NVMe SSDs, CXL memory) on a 7nm process. Gen6 variants deliver 64G/lane PAM4 with 36dB insertion loss and sub-7ns latency at 11W; Gen5 variants at 32G/lane NRZ. OSFP-XD Toucan PCIe AECs provide up to 7m reach with lossless end-to-end x16 Gen6 PCIe connectivity. PCI-SIG compliant at 32.0 GT/s.
• OmniConnect (Weaver Memory Fanout Gearbox) Next-generation interconnect architecture combining ultra-efficient 112G VSR SerDes with a lightweight AXI framer for high-bandwidth, low-latency, power-optimized connectivity between compute engines and memory. The Weaver memory fanout gearbox chiplet delivers 10x I/O beachfront density and 20x memory density vs. conventional LPDDR5X, supporting up to 5.8TB of memory density.
• SerDes IP and Chiplets (IP3, IP5, IP7, IP12, IP28, Nutcracker 2) Credo's core SerDes IP (IP3 at 3nm, IP5 at 5/4nm, IP7 at 7/6nm, IP12 at 16/12nm, IP28 at 28nm) and the Nutcracker 2 chiplet (5nm, 100G XSR/LR DSP retimer) offered as licensed IP for customer designs and as chiplets for MCM SoC and 2.5D Silicon Interposer integration. Signaling options span 28G to 224G with LR+, LR, MR, and VSR reach options.
• ZeroFlap MicroLED (Active LED Cables / ALCs) MicroLED-based interconnect technology targeting up to 30m reach in AI data centers via Active LED Cables and co-packaged optics. Offers hitless failover of optical channels, near-zero off-state current, simple NRZ modulation, and high bandwidth density through 2D emitter/photo-detector arrays.
• PILOT (Predictive Integrity, Link Optimization, and Telemetry) Software Platform Award-winning diagnostic and analytics software platform combining advanced telemetry, system-level debug tools, and AI-powered predictive insights to enhance link reliability across Credo's full product range. Provides dashboard, PCIe LTSSM tracking, SerDes eye diagrams, ZeroFlap status views, optical dashboards, logic analyzer, and firmware update interfaces. Includes the PILOT SDK and ZeroFlap Host SDK for telemetry harvesting.

Quantifiable outcome

• Up to 1,000x better reliability than legacy interconnect solutions
• +8 more outcomes

Named customers6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability4 records

Feature9 records

Partnerships

15 partnerships are on record, tiered flagship, core and minor.

• DustPhotonicsflagshipStrategic or Co-development Partner · 31 May 2026Credo Technology Group Holding Ltd has completed its acquisition of Israeli company DustPhotonics Ltd., a leading developer of Silicon Photonics PIC technology, for $750 million cash and approximately 0.92 million shares of Credo common stock, with additional contingent consideration of up to 3.21 million shares based on financial milestones. The acquisition deepens Credo's optical interconnect portfolio across 800G, 1.6T, and 3.2T near-packaged optics and co-packaged optics. Expected to generate over $500 million in optical revenue in fiscal 2027.
• RebellionscoreStrategic or Co-development Partner · 24 May 2026Credo and Rebellions announced a collaboration to integrate Credo's ZeroFlap active electrical cables into Rebellions' RebelPOD high-performance AI cluster for enterprise AI inference workloads. The integration is designed to eliminate intermittent link disruptions, reduce operational troubleshooting, and enable enterprises to deploy AI inference capacity with improved uptime, reliability, and serviceability.
• CarbonhoundminorImplementation/ SI/ Consulting Partner · 17 April 2026Credo partnered with Carbonhound for emissions calculations as part of its Fiscal Year 2025 Greenhouse Gas Report covering Scope 1 and Scope 2 operational emissions.
• Brightspot Climate Inc.minorImplementation/ SI/ Consulting Partner · 17 April 2026Credo engaged Brightspot Climate Inc. for independent third-party verification of its GHG emissions data as part of its Fiscal Year 2025 Greenhouse Gas Report.
• CoMira SolutionscoreStrategic or Co-development Partner · 2 March 2026Credo Technology Group Holding Ltd acquired CoMira Solutions, a high-speed connectivity IP innovator, to strengthen its semiconductor IP portfolio for AI architectures. The acquisition brings specialized link layer, error correction, and security IP along with an engineering team to support Credo's scale-up and scale-out AI products across protocols including Ethernet, ESUN, UALink, and PCIe. Davis Polk served as legal advisor. Financial terms undisclosed.
• Davis PolkminorImplementation/ SI/ Consulting Partner · 2 March 2026Davis Polk served as legal advisor to Credo Technology Group Holding Ltd on its acquisition of CoMira Solutions. Financial terms of the acquisition were not disclosed.
• TensorWaveflagshipStrategic or Co-development Partner · 25 February 2026Credo Technology Group announced a collaboration with TensorWave, the AMD-exclusive AI cloud provider, to deploy Credo's ZeroFlap Active Electrical Cables and Optics across TensorWave's next-generation AI cluster infrastructure. Credo's solutions offer reliability up to 1,000 times better than legacy interconnect solutions. TensorWave has raised over $166 million in funding.
• 3MminorOEM/ Whitelabel/ Licensing Partner · 22 January 2026Credo and 3M entered into a patent license agreement. Terms not specified in the announcement.
• The Siemon CompanyminorOEM/ Whitelabel/ Licensing Partner · 24 November 2025Credo Technology Group Holding Ltd licensed its Active Electrical Cable patents to The Siemon Company. The licensing agreement was announced jointly, with the terms remaining confidential.
• Arm Total DesignflagshipTechnology or Integration · 14 October 2025Credo joined the Arm Total Design ecosystem, bringing its high-speed SerDes IP portfolio (spanning 28G to 224G) and chiplets. The combination of Credo's connectivity IP with Arm's Neoverse Compute Subsystems enables customers to rapidly design custom silicon solutions for AI, cloud computing, and hyperscale data center applications.
• TSMCflagshipTechnology or Integration · 13 October 2025Credo participates in TSMC's 2026 Technology Symposium events across North America, Taiwan, Europe, China, and Japan, showcasing its OmniConnect Weaver family product using 112G VSR SerDes in TSMC 5nm and 3nm processes. TSMC is Credo's foundry partner for advanced process nodes.
• HyperlumecoreStrategic or Co-development Partner · 29 September 2025Credo Semiconductor Inc. acquired Hyperlume, an Ottawa-based developer of micro-LED-based optical interconnect technology for chip-to-chip communication. The acquisition expands Credo's portfolio of end-to-end connectivity solutions targeting AI-driven data infrastructure deployments. Hyperlume had completed a $12.5 million financing round in February 2025. Financial terms undisclosed.
• WPG AmericascoreChannel Partner/ Reseller/ Distributor · 19 March 2025WPG Americas accelerates availability of Credo's high-speed connectivity solutions through a distribution partnership covering the North American market.
• KeysightcoreTechnology or Integration · 1 January 2025Keysight's collaboration with Credo enables comprehensive test and measurement capabilities for the global networking industry, addressing the rapidly growing ecosystem of 800GE-capable components. Credo's solutions are validated through Keysight test equipment.
• Net One SystemscoreChannel Partner/ Reseller/ Distributor · 12 November 2024Credo and Net One Systems joined forces to bring Credo's Active Electrical Cables to the Japanese market as a distribution partnership.

Scale indicators15 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Astera Labs: Direct competitor in AI fabric connectivity with retimers (Aries, Taurus), optical DSPs (Lightera), and PCIe/CXL retimers serving hyperscalers. Closest comparable in product portfolio, customer base (US hyperscalers), and AI infrastructure focus.
• Marvell Technology: Direct competitor offering SerDes IP, PAM4 optical DSPs, retimers, and Inphi-derived 800G/1.6T interconnect for cloud and AI data centers. Highly comparable in DSP, retimer, and custom silicon offerings.
• Alphawave Semi: Pure-play SerDes IP and connectivity silicon company licensing high-speed IP (up to 224G) and selling chiplets/dies to ASIC designers. Closest IP licensing comparable to Credo's SerDes portfolio.
• Semtech: Direct competitor in optical DSPs and transceivers following its acquisition of Sierra Wireless and prior optical focus. Competes in 100G-1.6T optical modules for data center interconnect.
• MACOM Technology Solutions: Competitor in high-performance analog RF, photonic semiconductors, and SerDes/retimer products for data center and 5G. Overlapping product lines in optical components and high-speed analog.

Broad incumbents

• Broadcom: Incumbent networking silicon leader with SerDes IP, optical DSPs, retimers, and switching ASICs. Credo competes against Broadcom's Ethernet switch silicon and optical portfolio in hyperscaler AI fabrics.
• Coherent Corp: Larger optical components and transceiver supplier competing with Credo's optical DSP and transceiver lines; broader portfolio including lasers and VCSELs.
• Lumentum: Incumbent optical component and laser supplier serving hyperscalers; adjacent competitor as Credo's silicon photonics business expands via DustPhotonics.
• NVIDIA (Networking): NVIDIA's NVLink, Spectrum-X, and Mellanox-derived networking silicon competes with Credo for scale-up connectivity. Credo is also a partner/supplier into NVIDIA-based GPU clusters, creating a partner-competitor dynamic.

Emerging players

• Synopsys: EDA and IP provider with a high-speed SerDes IP portfolio that overlaps with Credo's IP licensing business, particularly for custom ASIC designs at hyperscalers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/credosemi
• LinkedInlinkedin.com/company/credo-semiconductor

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Credo Semiconductor