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Taiwan ASIC design-service company that builds custom AI/HPC chips for cloud and networking customers on advanced nodes.
Taiwan ASIC design-service company that builds custom AI/HPC chips for cloud and networking customers on advanced nodes.
Charges a design fee and then, if the customer wants, manages production with TSMC and packagers, buying wafers and passing them on, so revenue is lumpy and swells when a chip enters volume. It is one of the design houses TSMC works with to bring customers to its advanced processes.
In one line: Taiwan's smaller, faster-growing rival to Broadcom's custom-silicon business.
Moat: narrow (process know-how, customer qualification, IP / patents). Advanced-node ASIC design expertise and long customer design-in cycles create switching costs.
Headquarters: Hsinchu, Taiwan · Founded: 2003 · Employees: 645
Size Alchip Technologies Limitd (3661.TW) is a Taiwan Information Technology company (Semiconductors) with a market value of $7.35B, the 70th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$2,830 on 6 Nov 2026.
Performance Over six months the shares fell 31.8%, against -23.3% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue fell 51.3% over the last twelve months (peer median +21.9%); the operating margin is 23.3% (peer median 9.8%).
Valuation It trades at 14.4× forward earnings against a peer median of 19.9× (5th cheapest of 18).
Capital Return on invested capital runs 45.8 points above its cost of capital (11.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$23.1B | NT$30.9B | NT$52.0B | NT$30.5B | NT$13.7B |
| Revenue growth | — | -40% | +70% | +122% | — |
| Gross profit | NT$8.43B | NT$7.98B | NT$10.0B | NT$6.65B | NT$4.31B |
| EBITDA | NT$8.35B | NT$8.08B | NT$9.14B | NT$5.78B | NT$4.37B |
| Net income | NT$5.88B | NT$5.60B | NT$6.45B | NT$3.33B | NT$1.83B |
| Free cash flow | -NT$599M | NT$14.5B | NT$2.57B | NT$7.28B | -NT$1.18B |
| Capital expenditure | NT$2.06B | NT$2.65B | NT$2.61B | NT$3.26B | NT$1.37B |
| Total debt | NT$290M | NT$325M | NT$207M | NT$226M | NT$122M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Alchip Technologies Limitd 3661.TW | $7.35B | -32% | -51% | 23% | 14.4× | n/a |
| Global Unichip 3443.TW | $25.1B | +29% | +104% | 13% | 50.1× | n/a |
| Broadcom AVGO | $1.40T | -32% | +49% | 49% | 16.9× | 26.6% |
| Marvell Technology MRVL | $124B | -17% | +31% | 17% | 25.0× | 54.4% |
| Socionext 6526.T | $1.78B | -16% | +21% | 5% | 21.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 3661.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -28.4% | -19.3% | 10th lowest of 21 |
| 6-month return | -31.8% | -23.3% | 10th lowest of 21 |
| Distance from 52-week high | -49.8% | -51.4% | 11th highest of 21 |
| Revenue growth (TTM) | -51.3% | +21.9% | lowest of 21 |
| Operating margin | 23.3% | 9.8% | 4th highest of 21 |
| Forward P/E | 14.4× | 19.9× | 5th cheapest of 18 |
| ROIC minus cost of capital | +45.8 pp | -3.2 pp | highest of 21 |
| EV / EBITDA | 22.8× | 14.0× | 3rd most expensive of 9 |
| Net debt / EBITDA | -6.3× | -0.9× | 2nd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Alchip Technologies Limitd 3661.TW | Taiwan | $7.35B | -32% | -51% | 23% | 14.4× | n/a | n/a |
| Silicon Laboratories SLAB | United States | $7.39B | +2% | +22% | -3% | 60.3× | n/a | n/a |
| WAAREE Energies WAAREEENER.NS | India | $7.41B | -24% | +75% | 16% | 17.3× | n/a | n/a |
| Powerchip Semiconductor Manufacturing 6770.TW | Taiwan | $7.54B | -5% | +22% | -5% | 7.6× | 11.3% | +0.5% |
| Ingenic Semiconductor 300223.SZ | China | $7.59B | -15% | +89% | 35% | 16.7× | 21.3% | +16.9% |
| Smartsens Technology (Shanghai) 688213.SS | China | $7.01B | +21% | +27% | 13% | 30.9× | 23.1% | +42.7% |
| Tianshui Huatian Technology 002185.SZ | China | $7.74B | +10% | +33% | 4% | 45.0× | n/a | n/a |
| Minebea Mitsumi 6479.T | Japan | $6.97B | -13% | +12% | 7% | 11.9× | 10.8% | +11.0% |
| Sanan Optoelectronics 600703.SS | China | $6.87B | -33% | -22% | -7% | n/a | n/a | n/a |
| Vanguard International Semiconductor 5347.TWO | Taiwan | $6.82B | -22% | +10% | 17% | 17.7× | n/a | n/a |
| RMBS RMBS | United States | $7.98B | -42% | +17% | 37% | 19.9× | 24.5% | +23.5% |
| Rohm 6963.T | Japan | $6.76B | -19% | +12% | 4% | 24.3× | n/a | n/a |
| Jinko Solar 688223.SS | China | $6.73B | -34% | -18% | -11% | n/a | n/a | n/a |
| Suzhou Maxwell Technologies 300751.SZ | China | $6.72B | -33% | -26% | 6% | 72.0× | 47.7% | +29.0% |
| Konfoong Materials International 300666.SZ | China | $8.09B | +9% | +35% | 10% | 53.5× | n/a | n/a |
| Shenzhen Techwinsemi Technology 001309.SZ | China | $8.12B | -64% | +317% | 35% | 6.7× | n/a | n/a |
| Amkor Technology AMKR | United States | $8.13B | -57% | +16% | 10% | 12.1× | n/a | n/a |
| VeriSilicon Microelectronics (Shanghai) 688521.SS | China | $8.31B | -63% | +39% | -23% | n/a | 40.5% | +15.9% |
| SG Micro 300661.SZ | China | $8.33B | -12% | +46% | 17% | 55.7× | 35.9% | +26.7% |
| Unigroup Guoxin Microelectronics 002049.SZ | China | $6.37B | -35% | -1% | 18% | 25.5× | 24.4% | +13.5% |
| FormFactor FORM | United States | $6.36B | -45% | +29% | 21% | 19.7× | 22.4% | +2.5% |