Aspeed Technology Inc., Taiwan’s leading supplier of server management chips, has raised its second-quarter revenue forecast to NT$19-20 billion (US$600-630 million) from an earlier projection of NT$17-18 billion, Chairman Lin Hongming said Wednesday.
The upgrade, representing over 10% growth from previous estimates, comes amid booming demand for baseboard management controller (BMC) chips used in artificial intelligence servers. Lin cited strong adoption for the company’s 2700 series products, which are seeing expanded market share and higher average selling prices.
BMC chips currently account for 20% of Aspeed’s revenue, but Lin expects this segment to eventually reach 30-40% or even 50% as AI server deployments accelerate globally. The company commands approximately 70% of the worldwide BMC market, with each new AI server rack requiring significantly more BMC chips than traditional servers.
Despite Taiwan dollar appreciation pressures, Lin projects gross margins will remain robust at 65-66% throughout 2025. The company is also diversifying its product portfolio with new offerings, including an IO Expander with integrated FPGA functionality and an upgraded 8K-capable Cupola 360 image processing platform with AI features.
Aspeed’s stock rose NT$230 to NT$3,905 on Wednesday, approaching the NT$4,000 threshold as investors responded to the positive outlook.
