Credo Technology Group Holding Ltd was founded in 2008 and is headquartered in Grand Cayman, with its primary operations based in San Jose, California. The company originated to address growing demands for high-speed, energy-efficient connectivity solutions within data infrastructure. Since its IPO in January 2022 (Nasdaq: CRDO), Credo has focused on developing advanced connectivity products utilizing its in-house Serializer/Deserializer (SerDes) IP and digital signal processor technologies.
The company’s product lineup includes optical DSPs, high-performance retimers for PCIe 6/7 and CXL, active electrical cables (AECs), chiplet-based SerDes, and licensed SerDes IP. These solutions enable reliable, low-latency, and power-efficient connections in hyperscale data centers, AI-compute clusters, network line cards, and telecom systems—key for managing exponential bandwidth growth in AI, cloud, and 5G infrastructure.
Credo made headlines in 2024 with its PILOT telemetry platform, which offers predictive diagnostics across its product ecosystem, and introduced the Lark family of low-power 800G optical DSPs, alongside PCIe 6/7 retimers and HiWire AECs targeting AI backend networks. It actively promotes its quantum of innovation at conferences like OFC and Chiplet Summit, showcasing live demonstrations of live optical and AEC-based AI clusters. The company also filed a patent infringement action in March 2025, reinforcing its IP strategy.
Credo’s growth is propelled by strong demand from AI and hyperscaler customers like Microsoft, Amazon, and Tesla. Fiscal 2024 revenue nearly doubled to about $193 million, and Q2 fiscal 2025 revenue reached $72 million, driven by product sales rather than IP licensing. Analysts expect revenue to increase further in 2025, projecting growth of over 50%, prompting Susquehanna to upgrade its outlook in early 2025 with a price target exceeding $85. With a robust backlog, expanding production capacity in Malaysia, and key GPU cluster demos at GTC, Credo is well positioned to capitalize on the escalating AI infrastructure boom.