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    Song Chu

    Vice President and Equity Research Analyst at Citigroup Inc.

    Song Chu is a Vice President and Equity Research Analyst at Citigroup Inc., specializing in technology hardware and semiconductor sectors. She covers major companies such as Super Micro Computer (SMCI), regularly providing coverage and investment ratings that contribute to Citi’s overall performance and client advisory. Chu joined Citigroup after completing her graduate studies in statistics at the University of Chicago, and has worked in quantitative roles prior to her current analyst position. She holds relevant securities licenses, maintains FINRA registration, and is recognized for delivering well-researched, neutral-rated recommendations on key tech stocks.

    Song Chu's questions to Kingsoft Cloud Holdings (KC) leadership

    Song Chu's questions to Kingsoft Cloud Holdings (KC) leadership • Q2 2025

    Question

    Song Chu from Citi asked about the company's strategic adjustments to its chip procurement in light of the changing supply status of overseas chips and the rise of domestic alternatives. He also inquired about concerns over chip security vulnerabilities.

    Answer

    CEO Zhou Tao explained that Kingsoft Cloud has had a dual strategy since 2023, embracing both compliant overseas chips and closely collaborating with domestic suppliers to mitigate supply chain uncertainty. He stated that there has been no material impact on the company's ability to satisfy demand from its large customers. While supply is currently sufficient, he expressed a conservative long-term view, noting that a future explosion in inference demand could potentially outstrip the supply capabilities of domestic chipmakers.

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    Song Chu's questions to Kingsoft Cloud Holdings (KC) leadership • Q2 2025

    Question

    Song Chu from Citi asked about Kingsoft Cloud's strategic adjustments to its chip procurement strategy, considering the changing supply status of chips like H20 and B30A, potential security vulnerabilities, and the trend towards embracing domestic chip production.

    Answer

    CEO Zhou Tao explained that the company has been strategically planning for supply chain uncertainty since 2023. The strategy involves embracing compliant overseas chips while simultaneously monitoring and deepening collaboration with domestic suppliers. Mr. Zhou stated that despite supply chain volatility, there has been no material impact on the company's ability to satisfy demand from its key customers. While current capacity is sufficient, he expressed a conservative long-term view, suggesting a potential supply-demand imbalance if a 'killer app' were to cause an explosive surge in inference demand, which domestic chip supply might struggle to meet.

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    Song Chu's questions to Kingsoft Cloud Holdings (KC) leadership • Q2 2025

    Question

    Song Chu from Citi asked about the company's strategic adjustments to its chip procurement in light of the changing supply landscape, including the resumption of H20 supply and potential security issues, and whether the company is embracing domestic chip production.

    Answer

    CEO Zhou Tao, via a translator, explained that Kingsoft Cloud has been preparing for supply chain uncertainty since 2023. The strategy involves embracing compliant overseas chips while also closely collaborating with domestic chip suppliers, with deep partnerships established with several firms. He stated that there has been no material impact on the company's ability to satisfy customer demand. In the long term, he expressed a conservative view that if a 'killer app' drives explosive demand, domestic chip supply might struggle to keep pace.

    Ask Fintool Equity Research AI

    Song Chu's questions to Kingsoft Cloud Holdings (KC) leadership • Q2 2025

    Question

    Song Chu from Citi questioned the company's chip procurement strategy, particularly regarding adjustments in response to changing supply chain dynamics, such as the resumed supply of H20 chips and the push towards domestic alternatives.

    Answer

    CEO Zhou Tao explained that Kingsoft Cloud has been pursuing a dual strategy since 2023, embracing compliant overseas chips while actively collaborating with domestic suppliers to mitigate geopolitical uncertainty. He affirmed that this approach has ensured they can meet the demands of their large-scale customers without material disruption. While current capacity is sufficient, he expressed a conservative long-term view, noting that a surge in demand from a 'killer app' could potentially outstrip domestic chip supply capabilities in the future.

    Ask Fintool Equity Research AI

    Song Chu's questions to Kingsoft Cloud Holdings (KC) leadership • Q2 2025

    Question

    Song Chu from Citi asked about the company's strategic adjustments to its chip procurement, considering the changing supply status of chips like H20 and the upcoming B30A, as well as the broader push towards domestic production in China.

    Answer

    CEO Zhou Tao, via a translator, explained that Kingsoft Cloud has a dual strategy: embracing compliant overseas chips while also closely monitoring and collaborating with domestic suppliers. He stated that despite supply chain uncertainties, there has been no material impact on the company's ability to satisfy demand from its large customers. While current capacity is sufficient, he expressed a conservative long-term view, noting that a future surge in demand from a 'killer app' could potentially outstrip the supply capabilities of domestic chip makers.

    Ask Fintool Equity Research AI

    Song Chu's questions to Kingsoft Cloud Holdings (KC) leadership • Q2 2025

    Question

    Song Chu from Citigroup asked about Kingsoft Cloud's strategic adjustments to its chip procurement strategy, considering the changing supply status of chips like H20 and B30A, potential security vulnerabilities, and the push towards domestic production.

    Answer

    CEO Zhou Cao, via a translator, explained that due to geopolitical uncertainty, the company has pursued a dual strategy since 2023: embracing compliant overseas chips while simultaneously developing deep collaborations with domestic chip suppliers. He asserted that this approach has prevented any material impact on their ability to satisfy demand from their large enterprise customers. While current capacity is sufficient, Mr. Zhou expressed a conservative long-term view, suggesting that if a 'killer app' drives explosive inference demand, the domestic chip supply may struggle to keep pace.

    Ask Fintool Equity Research AI