Confirmed design win on next generation AI chip from US auto customer; OW

Research evidence excerpt

Confirmed design win on next generation AI chip from US auto customer; OW

Update

July 31, 2026 12:30 PM GMT

Morgan Stanley Taiwan Limited+MGlobal Unichip Corp | Asia Pacific Charlie Chan

Equity Analyst

Confirmed design win on next Charlie.Chan@morganstanley.comDaniel Yen, CFA +886 2 2730-1725

Daniel.Yen@morganstanley.com +886 2 2730-2863

generation AI chip from US auto Morgan Stanley Asia Limited+

Daisy Dai, CFA

Equity Analystcustomer; OW Daisy.Dai@morganstanley.com +852 2848-7310

Morgan Stanley Taiwan Limited+

AlphaSignals Earnings Reaction Tiffany Yeh

Unchanged Modest upside Modest revision higher

Tiffany.Yeh@morganstanley.com +886 2 7712-3032

Impact to our thesis Financial results versus consensus Direction of next 12-month

consensus EPS Lucas Wang

Source: Company data, Morgan Stanley Research Research Associate

Lucas.Wang@morganstanley.com +886 2 2730-2875

Morgan Stanley Asia Limited+

Key Takeaways Henry Zhao

Next-generation Google CPU remains on track to tape out by late 2026 or early Research Associate

Henry.Zhao@morganstanley.com +852 2239-7731

2027.

Ethan Jia

GUC has no problem with other packaging technology and will fully support Research Associate

Ethan.Jia@morganstanley.com +852 3963-2287

customers if needed (we believe management is referring to Intel EMIB-T).

Management is optimistic about 2027 wafer support from TSMC, and allocation

should be finalized in the next two months.

We stay OW on the stock given more CSP design wins and well-diversified

revenue portfolio in coming years. Global Unichip Corp (3443.TW, 3443 TT)

Greater China Technology Semiconductors | Taiwan

Confirmed design win on next generation Tesla AI6: Management stated that the

Stock Rating Overweight

design win on a next-generation US automotive customer's AI chip is confirmed.