ENTITY · astera_labs
Astera LabsALAB
United States·networking silicon·major·$71.5B mkt cap
Connectivity chips (retimers, CXL, PCIe switches) for AI servers.
WATCH · 40–69
55/100 illustrative
Underwriting Thesis
WATCH — Astera Labs: concentrated foreign-origin supply compounded by criticality to DoD-exposed downstream programs in networking silicon. A chokepoint underwriting concern at this tier.
Factor Breakdown
Foreign-Origin Concentration65
Sole-Source Dependence48
Sanctions Exposure45
Downstream Criticality59
Sanctions Exposure
Entity not present on tracked screening lists (CSL).
DoD Exposure
No matched DoD semiconductor awards (USASpending) for this entity.
Shortest paths → DoD-exposed firms
- Scale AI · 2 hops · $105.6MAstera Labs → NVIDIA → Scale AI
Possible substitutes · same commodity buckets
Chokepoint Relationships
Key Suppliers · upstream · 2
- TSMCTaiwanCHOKEPOINT
- ASE TechnologyTaiwanCHOKEPOINT
Key Customers · downstream · 2
- NVIDIAUnited StatesDOMESTIC
- Amazon (Annapurna Labs)United StatesDOMESTIC