260541_3661_世芯_ms_alchip

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原始內容

Asia Summer School 2026

M May 31, 2026 08:20 PM GMT

Alchip Technologies Ltd | Asia Pacific

Asia AI Summit 2026 Feedback

Financials : 1Q appears to have been a trough amid a lack of new projects. Revenue should grow sequentially through 4Q, driven by rapid ramp-up of the 3nm accelerator, which began initial low-volume shipping in May to major CSP customers.

Accelerator project update: 3nm shipments are expected to surge in June and July, with max shipments starting in August. Full-year 3nm revenue is guided at $1.5B+, boosted by higher-than-expected initial yield rates. Visibility extends through late 2027, with a 40% Y/Y volume growth target. 2nm tape-out appears on track for late 2026, with production and shipments expected for 4Q27.

Other projects: The ADAS chip for Li Auto is currently shipping, and its next-gen iteration is scheduled to tape out in 3Q. Alchip also continues to design for emerging accounts in the US that are investing heavily in innovative 3-nanometer or 2nanometer projects to solve AI infrastructure bottlenecks.

Update

Alchip Technologies Ltd (3661.TW, 3661 TT)

Greater China Technology Semiconductors | Taiwan

Stock Rating Industry View

Overweight

Attractive NT$5,088.00 15

Price target

Up/downside to price target (%)

Shr price, close (May 29, 2026)

NT$4,415.00

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