AI custom ASIC · leading-edge design
Alchip Technologies
An AI custom-ASIC design and production-management service for hyperscalers, and a founding member of TSMC's OIP 3DFabric operating only on leading-edge nodes. It is growing fast on hyperscalers' (Amazon, Google) in-house AI-chip demand, with access to TSMC's leading-edge process and 2.5D packaging as its weapon in a custom-silicon market it shares with Broadcom, Marvell and GUC.
Business categories Custom AI Silicon · AI Compute Infrastructure · primary
3661.TW Updated Jul 12, 2026 6 AI consumers· 4 recurring
Per the valuechain.wiki graph, Alchip Technologies is directly linked to 6 companies (4 supply, 2 revenue relationships) and reaches 64 companies within two hops; the links are backed by 9 dated sources, 3 of them primary filings (as of 2026-07-12).
Financials & Segments
- Total revenue · FY2025 revenue $992M (down from $1.6B on shipment timing; AI/HPC ASIC 83%, 2nm/3nm 14%)
- Segments · AI custom-ASIC design service
Revenue from
- Amazon High confidence
Designs and manages production of custom ASICs for Amazon's in-house AI chips — a large axis of hyperscaler in-house-silicon demand; AWS's custom-chip roadmap is Alchip's volume.Confirms EN Alchip (GlobeNewswire) Published Mar 18, 2026: Alchip FY2025 results + 2026 outlook (3nm ramp, revenue to surpass 2024 peak)Mentions EN Analyst consensus Published Mar 18, 2026: Alchip 2026 consensus (revenue NT$71.3B, EPS NT$135) - Alphabet (Google) Medium confidence
Designs and manages production of custom ASICs for Google's (Alphabet's) in-house AI chips — a key revenue line capturing hyperscaler in-house-chip demand, moving with Google's TPU/custom-silicon roadmap. - AI · HPC custom-chip customers (undisclosed) Medium confidence
Supplies custom-ASIC design and production management to AI/HPC hyperscalers (undisclosed) — in-house-chip expansion is the top growth demand, but concentration in a few large customers is its earnings volatility.
Pays to
- Synopsys High confidence
Licensing cost for Synopsys EDA tools and IP — essential infrastructure for leading-edge ASIC design; tool dependence constrains design cost and speed. - Cadence Design Systems High confidence
Licensing cost for Cadence EDA tools and IP — with Synopsys a design-tool duopoly, so tool access is a precondition for leading-edge design capability. - TSMC High confidence
Buys foundry capacity and IP from TSMC — as an OIP 3DFabric founding member it ties directly to leading-edge process and 2.5D packaging; TSMC capacity access is both Alchip's edge and its dependence. - Arm Holdings Medium confidence
Licenses CPU/compute IP from Arm — a dependency on core IP for custom ASICs; as Arm architecture entrenches as the standard for hyperscaler custom chips, it becomes the base of Alchip's designs. - components, materials & R&D (undisclosed) Low confidence
Parts, materials and R&D (undisclosed). - equipment & infrastructure (undisclosed) Low confidence
Equipment and infrastructure (undisclosed).
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| eBay Inc. | lead2 | +33.8 | -36.5 | +7.7 | +44.8 | +42.7 | +30 |
| Colgate-Palmolive Company | lead2 | +2.1 | -5.4 | +3.8 | +16.6 | -11 | +14.4 |
| Costco Wholesale | lead2 | +51.8 | -19 | +49 | +39.6 | -5.4 | +10.3 |
| Cintas Corporation | lead2 | +26.5 | +3 | +34.8 | +22.2 | +3.8 | +7.4 |
| Recursion Pharmaceuticals | lead2 | · | -55 | +27.9 | -31.4 | -39.5 | +6.6 |
| The Kraft Heinz Company | lead2 | +8 | +18.2 | -5 | -13 | -16.3 | +6.1 |
| Expedia Group, Inc. | lead2 | +36.5 | -51.5 | +73.3 | +22.8 | +53.3 | +5.8 |
| Omnicom Group Inc. | lead2 | +21.9 | +15.7 | +9.6 | +2.5 | -2.6 | +4.4 |
| Honeywell Technologies | lead2 | -0.3 | +4.9 | +0 | +10 | -6.4 | +3.8 |
| Walmart Inc | lead2 | +2 | -0.5 | +12.9 | +74 | +24.5 | +0.6 |
| Ingersoll Rand Inc. | lead2 | +35.8 | -15.4 | +48.2 | +17.1 | -12.3 | -0.5 |
| MercadoLibre, Inc. | lead2 | -19.5 | -37.2 | +85.7 | +8.2 | +18.5 | -1.8 |
| DoorDash, Inc. | lead2 | · | -67.2 | +102.6 | +69.6 | +35 | -6.5 |
| Uber | lead2 | -17.8 | -41 | +149 | -2 | +35.5 | -7.3 |
| Planet Labs | lead2 | · | -29.3 | -43.2 | +63.6 | +388.1 | -8.1 |
| Workday, Inc. | lead2 | +14 | -38.7 | +65 | -6.5 | -16.8 | -8.8 |
| Booking Holdings Inc. | lead2 | +7.7 | -16 | +76 | +41.3 | +8.6 | -9.3 |
| AutoZone | lead2 | +76.8 | +17.6 | +4.8 | +23.8 | +5.9 | -12 |
| Salesforce, Inc. | lead2 | +14.2 | -47.8 | +98.5 | +27.8 | -20.2 | -12.9 |
| Stryker Corporation | lead2 | +10.2 | -7.4 | +23.8 | +21.3 | -1.5 | -20.4 |
| McDonald's | lead2 | +27.8 | +0.5 | +15.1 | +0.1 | +7.9 | -21.5 |
| LVMH Moet Hennessy Louis Vuitton | lead2 | +46.6 | +12.7 | -1.8 | -7.3 | -20.4 | -29.4 |
| Intuit Inc. | lead2 | +70.3 | -39.1 | +61.8 | +1.2 | +6.1 | -53.7 |
| AppLovin Corporation | lead2 | · | -88.8 | +278.4 | +712.6 | +108.1 | -58.9 |
| Alphabet (Google) | lead1 | +65.3 | -39.1 | +58.3 | +36 | +66 | +8.3 |
| Alchip Technologies | node | +14.3 | -8.7 | +365.1 | -18.9 | +0.8 | +40.1 |
| Arm Holdings | benef1 | · | · | · | +64.2 | -11.4 | +143.6 |
| TSMC | benef1 | +12.1 | -36.7 | +42.3 | +92.6 | +55.9 | +50.3 |
| Global Unichip | benef2 | +21.4 | +67.6 | +99.4 | -13.7 | +101.4 | +122.8 |
| SUMCO Corporation | benef2 | -4.3 | -3.9 | +21.3 | -48.1 | +41.7 | +112.8 |
| GlobalWafers | benef2 | +26.9 | -29.9 | +14.3 | -39 | +48.9 | +98.1 |
| Applied Materials | benef2 | +83.6 | -37.5 | +68 | +1.1 | +59.6 | +98 |
| Resonac | benef2 | -2.6 | -4 | +37.5 | +30.3 | +137.9 | +96.4 |
| Lam Research | benef2 | +53.7 | -40.7 | +88.6 | -6.8 | +139.2 | +86.8 |
| Onto Innovation | benef2 | +112.9 | -32.7 | +124.6 | +9 | -5.3 | +86.6 |
| Teradyne | benef2 | +36.8 | -46.3 | +24.8 | +16.5 | +54.4 | +84.6 |
| Entegris | benef2 | +44.6 | -52.5 | +83.5 | -17.1 | -14.6 | +65.1 |
| ASML | benef2 | +64.1 | -30.5 | +39.9 | -7.7 | +55.8 | +61.1 |
| Tokyo Electron (TEL) | benef2 | +40.4 | -14.5 | +89.8 | -4.4 | +61.6 | +57.4 |
| Qnity Electronics | benef2 | · | · | · | · | · | +55.3 |
| KLA | benef2 | +68 | -11.2 | +56 | +9.4 | +94.5 | +53.3 |
| EO Technics | benef2 | +7.6 | -28.2 | +130.5 | -16.2 | +163.2 | +39.4 |
| HPSP | benef2 | · | · | +216.5 | -30.4 | +54.7 | +38.9 |
| SCREEN Holdings | benef2 | +40.7 | -13.2 | +220.1 | -24.1 | +84.9 | +33.7 |
| SoftBank Group | benef2 | -37.8 | +23.7 | +6 | +46.4 | +81.5 | +31.6 |
| Advantest | benef2 | +17 | -2.3 | +155.7 | +49.5 | +196 | +29.9 |
| Tokyo Ohka Kogyo (TOK) | benef2 | -2.7 | -3 | +63.8 | +4.3 | +111.5 | +28.7 |
| ASM International | benef2 | +44.2 | +2.9 | +68.7 | +10.3 | +25.9 | +25 |
| Fujimi Incorporated | benef2 | +64.7 | -1.6 | +40.4 | -24.2 | +28.4 | +23.4 |
| Air Liquide | benef2 | +14.3 | +8.1 | +21.1 | +8.7 | -4.6 | +20.7 |
| Linde | benef2 | +33.4 | -4.4 | +27.7 | +3.2 | +3.2 | +14.6 |
| Shin-Etsu Chemical | benef2 | +6.3 | +3.1 | +57.8 | -15.6 | +7.6 | +13.8 |
| Cadence Design Systems | benef2 | +36.6 | -13.8 | +69.6 | +10.3 | +4 | +12.9 |
| BESI | benef2 | +33.7 | -6.1 | +121.8 | -9.3 | +35 | +9.8 |
| Synopsys | benef2 | +42.1 | -13.4 | +61.3 | -5.7 | -3.2 | +8.6 |
| Ebara | benef2 | +58.1 | +2.3 | +76.1 | +41 | +84 | +3.3 |
| Lasertec | benef2 | +78.9 | +2.4 | +57 | -60.6 | +138.9 | -8.5 |
| Photronics | benef2 | +68.9 | -10.7 | +86.4 | -24.9 | +35.8 | -9 |
| Leeno Industrial | benef2 | +21 | -5.3 | +18.3 | +9.5 | +150.1 | -17 |
| Disco Corporation | benef2 | -6.6 | +27.7 | +218.5 | +11.6 | +49.6 | -17.3 |
YTD as of 2026-10-08 · source: Yahoo Finance
Alchip Technologies operates across AI custom ASIC, leading-edge design. It is +36.1% in 2026. Demand side (avg +10.2%), the stock (+36.1%) and supply side (avg +37.5%) are moving in step. Propagation has completed a lap, so the next leg depends on individual results more than chain direction. Among connected nodes the furthest ahead is Arm Holdings (+130.6%) and the furthest behind is Synopsys (-16.2%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It is growing fast on hyperscalers' (Amazon, Google) in-house AI-chip demand, with access to TSMC's leading-edge process and 2.5D packaging as its weapon in a custom-silicon market it shares with Broadcom, Marvell and GUC.
Analysis generated from returns as of 2026-09-04Analyst ratings
Consensus: Buy 2 · Hold 0 · Sell 0 · Avg. target NT$6,371 · Price NT$4,345 (10-08) · Upside +47%
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