Who are ASPEED Technology's main competitors?

Named competitors: Nuvoton Technology (4919.TW), Renesas Electronics (6723.T), Microchip Technology (MCHP). The cockpit's measured peer set (industry) also includes LONGi Green Energy Technology (601012.SS), JCET (600584.SS), Technoprobe (TPRO.MI), Lattice Semiconductor (LSCC), Rockchip Electronics (603893.SS), Hwatsing Technology (688120.SS).

How has ASPEED Technology stock performed?

Over six months to 6 Nov 2026 the shares returned -29.7% against -15.1% for the median peer; over one year +135.2%.

← CockpitCompetitor Analysis › 5274.TWO ASPEED Technology, Inc.Open in the cockpit ↗

ASPEED Technology, Inc.5274.TWOCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Semiconductors

Fabless chipmaker that dominates baseboard management controller (BMC) chips, the always-on management chip in nearly every data-center server.

≈ A tiny, single-niche chip near-monopoly, in the spirit of Monolithic Power Systems for serMomentum laggard 11

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$14.3B

US dollars, full cap

Free float

79%

of shares outstanding

$/day

$209M

20-day average traded

Fwd P/E

41.1×

forward earnings

ROIC−WACC

n/a

WACC 10.1%

Hurdle

+17 pp

Req g minus delivered

Next earnings

122 days

8 Mar 2027

Close · TWDNT$11,375

1D-10.0%

1W-28.8%

1M-41.7%

3M-26.6%

6M-29.7%

YTD+72.3%

1Y+135.2%

ATR %10.1%

52w lowhigh47.8% off high

What ASPEED Technology does

Fabless chipmaker that dominates baseboard management controller (BMC) chips, the always-on management chip in nearly every data-center server.

Sells a small, low-cost chip that sits on server motherboards and lets operators monitor and restart machines remotely, so revenue follows the number of servers shipped, especially to cloud and AI data centers. It designs the chips, pays outside foundries to make them, and supplies the firmware that customers have already validated.

In one line: A tiny, single-niche chip near-monopoly, in the spirit of Monolithic Power Systems for ser.

Products and services

Baseboard Management Controller (BMC) chips
Server remote-management/graphics chips

Customers

Server ODMs/OEMs (Dell, HPE, Supermicro, Quanta, e

Where it sits in the supply chain

Semiconductors
Fabless design
Server management/BMC chips

What could go right

AI/server unit growth (one BMC per server)
Share of higher-value server platforms

What could go wrong

Customer/product concentration (single chip category)
Server capex cyclicality

Moat: wide (installed base, switching costs, IP / patents). Holds a dominant share of the global server BMC chip market with deep firmware/qualification lock-in.

Headquarters: Hsinchu, Taiwan · Founded: 2004

Named competitors

ASPEED Technology at a glance

Size ASPEED Technology (5274.TWO) is a Taiwan Information Technology company (Semiconductors) with a market value of $14.3B, the 42nd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$11,375 on 6 Nov 2026.

Performance Over six months the shares fell 29.7%, against -15.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 7th lowest of 20 in its peer set.

Growth Revenue grew 40.3% over the last twelve months (peer median +34.4%); the operating margin is 52.5% (peer median 13.2%).

Valuation It trades at 41.1× forward earnings against a peer median of 23.2× (4th most expensive of 17).

Price implies For today's price to make sense, revenue must grow about 41% a year for seven years (Req g). Recent delivered growth is +24%, so the hurdle is +17 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Next results Next results expected around 8 Mar 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: ASPEED Technology against the median of its 20 peers (local-currency closes).

ASPEED Technology financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	NT$11.8B	NT$9.08B	NT$6.46B	NT$3.13B	NT$5.21B
Revenue growth	—	+41%	+106%	-40%	—
Gross profit	NT$7.88B	NT$5.85B	NT$3.90B	NT$1.70B	NT$3.15B
EBITDA	NT$6.57B	NT$4.98B	NT$3.17B	NT$1.39B	NT$2.69B
Net income	NT$5.67B	NT$3.93B	NT$2.57B	NT$1.01B	NT$2.11B
Free cash flow	NT$5.36B	NT$4.38B	NT$3.19B	NT$518M	NT$2.22B
Capital expenditure	NT$433M	NT$342M	NT$220M	NT$152M	NT$161M
Total debt	NT$300M	NT$314M	NT$197M	NT$28.0M	NT$40.0M

Quarterly statements and history in the cockpit →

ASPEED Technology competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. ASPEED Technology is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. ASPEED Technology is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. ASPEED Technology is the large dot.

ASPEED Technology competitors and peer comparison

Head to head with its named competitors (5274.TWO vs 4919.TW vs 6723.T vs MCHP)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
ASPEED Technology 5274.TWO	$14.3B	-30%	+40%	53%	41.1×	41.3%
Nuvoton Technology 4919.TW	$1.22B	-46%	0%	-5%	n/a	n/a
Renesas Electronics 6723.T	$27.9B	-23%	+26%	24%	9.9×	12.2%
Microchip Technology MCHP	$31.7B	-41%	+21%	16%	14.5×	34.2%

How ASPEED Technology compares with its peers

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.

ASPEED Technology against its 20 peers (data as of 6 Nov 2026)
Measure	5274.TWO	Peer median	Rank in peer set
1-month return	-41.7%	-16.1%	2nd lowest of 20
6-month return	-29.7%	-15.1%	7th lowest of 20
Distance from 52-week high	-47.8%	-48.2%	10th highest of 21
Revenue growth (TTM)	+40.3%	+34.4%	9th highest of 21
Operating margin	52.5%	13.2%	2nd highest of 21
Forward P/E	41.1×	23.2×	4th most expensive of 17
Growth the price implies (Req g, 7 yrs)	41.3%	37.9%	3rd most demanding of 9
Growth delivered (Del g)	+24.3%	+11.2%	2nd highest of 9
Hurdle (Req g minus delivered)	+17.0 pp	+21.1 pp	4th least demanding of 9
EV / EBITDA	70.5×	32.9×	2nd most expensive of 7
Net debt / EBITDA	-1.4×	-1.0×	4th least indebted of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
ASPEED Technology 5274.TWO	Taiwan	$14.3B	-30%	+40%	53%	41.1×	41.3%	+24.3%
LONGi Green Energy Technology 601012.SS	China	$14.1B	-25%	-16%	-12%	n/a	n/a	n/a
JCET 600584.SS	China	$14.1B	+15%	+4%	6%	40.2×	n/a	n/a
Technoprobe TPRO.MI	Italy	$14.9B	+5%	+22%	30%	38.4×	36.4%	+14.6%
Lattice Semiconductor LSCC	United States	$14.9B	-17%	+63%	13%	26.2×	n/a	n/a
Rockchip Electronics 603893.SS	China	$13.4B	+16%	+39%	27%	49.1×	39.3%	+18.7%
Hwatsing Technology 688120.SS	China	$15.4B	+42%	+36%	18%	63.8×	41.8%	+64.4%
Tower Semiconductor TSEM	United States	$15.6B	-35%	+22%	19%	21.6×	25.9%	+4.4%
Omnivision Integrated Circuits 0501.HK	Hong Kong	$15.7B	-16%	+7%	13%	23.2×	n/a	n/a
MACOM Technology Solutions MTSI	United States	$16.1B	-41%	+28%	18%	23.2×	49.4%	+12.8%
SiTime SITM	United States	$12.5B	-30%	+83%	0%	23.1×	n/a	n/a
Winbond Electronic 2344.TW	Taiwan	$16.4B	+22%	+154%	43%	2.8×	0.6%	+8.1%
Shenzhen Longsys Electronics 301308.SZ	China	$12.3B	-46%	+114%	40%	5.1×	n/a	n/a
Cansemi Technology 301660.SZ	China	$11.8B	n/a	+54%	-99%	n/a	n/a	n/a
Fabrinet FN	United States	$11.7B	-47%	+43%	10%	15.6×	n/a	n/a
Yuanjie Semiconductor Technology 688498.SS	China	$11.2B	-45%	+300%	64%	60.1×	n/a	n/a
Realtek Semiconductor 2379.TW	Taiwan	$11.0B	+33%	+12%	11%	19.9×	8.4%	+9.6%
DapuStor 301666.SZ	China	$18.8B	+20%	+611%	23%	n/a	n/a	n/a
Skyworks Solutions SWKS	United States	$19.3B	+24%	-3%	9%	14.3×	39.4%	-5.0%
TongFu Microelectronics 002156.SZ	China	$10.5B	-15%	+21%	7%	28.7×	n/a	n/a
National Silicon Industry 688126.SS	China	$10.2B	0%	+33%	-41%	n/a	n/a	n/a

Questions

Who are ASPEED Technology's main competitors?: Named competitors: Nuvoton Technology (4919.TW), Renesas Electronics (6723.T), Microchip Technology (MCHP). The cockpit's measured peer set (industry) also includes LONGi Green Energy Technology (601012.SS), JCET (600584.SS), Technoprobe (TPRO.MI), Lattice Semiconductor (LSCC), Rockchip Electronics (603893.SS), Hwatsing Technology (688120.SS).
Is ASPEED Technology expensive compared with its peers?: On forward p/e it trades at 41.1× against a peer median of 23.2×, 4th most expensive of 17 in its peer set. For today's price to make sense, revenue must grow about 41% a year for seven years (Req g). Recent delivered growth is +24%, so the hurdle is +17 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has ASPEED Technology stock performed?: Over six months to 6 Nov 2026 the shares returned -29.7% against -15.1% for the median peer; over one year +135.2%.