Abstract:Peripheral Component Interconnect Express (PCIe) is the de facto interconnect standard for high-speed peripherals and CPUs. Prototyping and optimizing PCIe devices for emerging scenarios is an ongoing challenge. Since Transaction Layer Packets (TLPs) capture device-CPU interactions, it is crucial to analyze and generate realistic TLP traces for effective device design and optimization. Generative AI offers a promising approach for creating intricate, custom TLP traces necessary for PCIe hardware and software development. However, existing models often generate impractical traces due to the absence of PCIe-specific constraints, such as TLP ordering and causality. This paper presents Phantom, the first framework that treats TLP trace generation as a generative AI problem while incorporating PCIe-specific constraints. We validate Phantom's effectiveness by generating TLP traces for an actual PCIe network interface card. Experimental results show that Phantom produces practical, large-scale TLP traces, significantly outperforming existing models, with improvements of up to 1000$\times$ in task-specific metrics and up to 2.19$\times$ in Frechet Inception Distance (FID) compared to backbone-only methods.