Aspeed Technology: Announcing New SoC with Lattice; Stay OW

研报英文原文证据摘录

Aspeed Technology: Announcing New SoC with Lattice; Stay OW

Idea

May 28, 2026 03:51 PM GMT

Morgan Stanley Taiwan Limited+MAspeed Technology | Asia Pacific Daniel Yen, CFA

Equity Analyst

Announcing New SoC with Daniel.Yen@morganstanley.comCharlie Chan +886 2 2730-2863

Charlie.Chan@morganstanley.com +886 2 2730-1725

Lattice; Stay OW Morgan Stanley Asia Limited+

Daisy Dai, CFA

What’s Changed Equity Analyst

Aspeed Technology (5274.TWO) From To Daisy.Dai@morganstanley.com +852 2848-7310

Price Target NT$20,000.00 NT$23,456.00

Morgan Stanley Taiwan Limited+

Tiffany Yeh

Equity AnalystStronger BMC demand, new AST1840 upside from 2027, easing

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

supply, sharp AST2700 ramp and accretive margin outlook

guarantees strong Aspeed performance in the next few years. Aspeed Technology (5274.TWO, 5274 TT)

Greater China Technology Semiconductors | Taiwan

Embedding FPGA into SoC – announcing AST1840 SoC with collaboration with Stock Rating Overweight

Lattice (LSCC.O): AST1840 integrates server management and control into a single Industry View Attractive

Price target NT$23,456.00

SoC, combining Aspeed’s chips (including SMC, I/O expander) with embedded FPGA Up/downside to price target (%) 32

(eFPGA). It aims to simplify next-gen server designs by replacing external FPGA/ Shr price, close (May 28, 2026) NT$17,835.00

52-Week Range NT$19,195.00-

CPLD components, while preserving programmable, instant-on control for power 3,735.00

sequencing, I/O bridging and SKU adaptation. AST1840 is also security-enhanced, Sh out, dil, curr (mn) 38

Mkt cap, curr (mn) NT$669,776

sharing Caliptra root-of-trust functionality with the eFPGA to support more secure EV, curr (mn) NT$663,477

platform management on AI and general servers.