Intel’s upcoming AI chip, Gaudi 3, is expected to drive significant revenue growth for three major semiconductor companies: TSMC, Alchip, and Wistron. Morgan Stanley predicts that TSMC will produce the chips using its advanced 5-nanometer process, while Alchip will provide design services and Wistron will supply the baseboards. The financial institution forecasts shipments of 300-400k units by 2025, generating up to $3 billion for Intel. TSMC and Alchip are viewed as long-term winners in the AI semiconductor demand. The news has positive implications for Intel’s stock, which has been consolidating in recent months.