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Serving a large language model (LLM) is limited by memory capacity. High-Bandwidth Flash (HBF) stacks NAND flash inside the accelerator package, one tier below high-bandwidth memory (HBM); the specification was published on August 3, 2026, and the first inference devices are expected to sample in early 2027. Decisions about capacity and data placement cannot wait for silicon. No existing method settles those decisions: a storage simulator replaying a recorded access sequence never executes the workload, a GPU simulator does not run the real compute kernels, and a cycle-accurate simulator cannot finish one LLM inference run. We present HBFSim, the first evaluation platform that applies HBF timing, capacity, and thermal effects to a real inference workload while that workload executes on a real GPU. HBFSim rewrites PTX, the intermediate code NVIDIA's compiler emits, and gates kernel launches; issue is separated from consumption, so real hardware supplies the computation that hides an access. Timing comes from measurements of a real device rather than a parameter sheet, and junction temperature sets both the rate HBF sustains and the retention deadline that forces refresh writes. HBFSim matches the measured device exactly at all six calibration breakpoints, with zero unsafe launches, and an unmodified vLLM 0.15.1 serving Qwen3-30B-A3B returns the token identifiers of the uninstrumented baseline. The device fast path serves the same Qwen3-30B-A3B case in 2s against 44s on the detailed reference path, 20.8x faster. Before HBF parts sample, HBFSim lets a designer measure a capacity or placement decision under a real workload instead of assuming one.
