The launch of Intel ‘s newest synthetic intelligence chip is predicted to profit three world semiconductor firms, in accordance with Morgan Stanley. Intel unveiled its third-generation AI accelerator, Gaudi 3 , earlier this month. The semiconductor big stated the newest chip is twice as power-efficient and might run AI fashions one-and-a-half occasions sooner than Nvidia’s H100 GPU – the flagship product from the present AI chip market chief. Intel says the excessive demand for AI chips implies that main unique gear producers like Dell , Hewlett Packard Enterprise , Lenovo , and Supermicro have already introduced the adoption of Gaudi 3. Provide constraints previously have meant Intel has struggled to show its order backlog into confirmed gross sales, however Morgan Stanley believes these points will likely be resolved from the second half of 2024 onwards. In a analysis be aware Monday, the Wall Road financial institution stated Taiwanese firms TSMC , Alchip , and Wistron are prone to be the most important beneficiaries of the demand for Intel’s Gaudi chips. Shares of all three firms are additionally traded in the USA. The fabrication of Gaudi 3 chips will likely be dealt with by TSMC utilizing its latest-generation 5-nanometer course of, whereas Alchip is predicted to be the important thing beneficiary within the semiconductor provide chain by offering design providers for each Gaudi 2 and Gaudi 3. Wistron is predicted to be the primary baseboard provider. “According to our supply chain checks, the total Gaudi shipment volume (including 2 and 3) could be as high as 300-400k units in 2025 (implying US $2-3bn revenue to Intel) if TSMC can provide sufficient CoWoS capacity,” stated Morgan Stanley’s analysts led by Charlie Chan in a be aware to purchasers on Apr. 22. The funding financial institution’s forecast is predicated on its survey of the semiconductor provide chain, and means that different main cloud firms like Amazon , Microsoft and Google are additionally concerned with adopting Gaudi chips. In its be aware, Morgan Stanley reiterated its chubby ranking on Alchip and TSMC, contemplating them long-term winners of AI semiconductor demand. The analysts are chubby on Wistron too, noting that Nvidia’s new Blackwell GB200 AI chip will even drive quick progress for the Taiwanese electronics producer. — CNBC’s Michael Bloom contributed reporting.
