King Yuan Electronics Co Ltd: Asia AI Summit 2026 Feedback: More Capacity for Google CPU Demand

研报英文原文证据摘录

King Yuan Electronics Co Ltd: Asia AI Summit 2026 Feedback: More Capacity for Google CPU Demand

Update

May 28, 2026 03:13 PM GMT

Morgan Stanley Taiwan Limited+MKing Yuan Electronics Co Ltd | Asia Pacific Charlie Chan

Equity Analyst

Asia AI Summit 2026 Feedback: Charlie.Chan@morganstanley.comDaniel Yen, CFA +886 2 2730-1725

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

More Capacity for Google CPU Morgan Stanley Asia Limited+

Daisy Dai, CFA

Equity AnalystDemand Daisy.Dai@morganstanley.com +852 2848-7310

Strong Google Arm-based CPU demand: The company mentioned that Google CPU Morgan Stanley Taiwan Limited+

Tiffany Yeh

demand has been growing dramatically over the past quarter. The customer Equity Analyst

(through GUC) is asking for KYEC's Google CPU capacity to increase 3x by the end of Tiffany.Yeh@morganstanley.com +886 2 7712-3032

2026, suggesting strong contribution from CPU projects in 2027. Lucas Wang

Research Associate

Could see more significant growth for largest customer's XPU business in 3Q26: Lucas.Wang@morganstanley.com +886 2 2730-2875

Management expects to see R-series XPU from the largest customer to ramp quickly Morgan Stanley Asia Limited+

Henry Zhao

in 3Q26. The B-series XPU could also maintain similar momentum from 1H26,

leading to potential strong Q/Q growth in 3Q26. Henry.Zhao@morganstanley.com +852 2239-7731

Ethan Jia

Mixed performance from smartphone segment into 2H26: Management believes Research Associate

revenue from MediaTek could remain flattish in 2H26 given potential longer testing Ethan.Jia@morganstanley.com +852 3963-2287

time for new model, while other smartphone customers – e.g.,. OmniVision – remain King Yuan Electronics Co Ltd (2449.TW, 2449 TT)

weak. Greater China Technology Semiconductors | Taiwan

Stock Rating Overweight