2026AI算力全产业链全景分析报告.docx

MorganStanley|RESEARCH

June4,202605:30PMGMT

GreaterChinaSemiconductors|AsiaPacific

BuildforFutureAl

Infrastructure-CPU,GPU,

ASIC,Optical,andChinaChips

FOUNDATION

MORGANSTANLEYTAIWANLIMITED+CharlieChan

EquityAnalyst

Charlie.Chan@morganstanleycom

DanielYen,CFAEquityAnalyst

Da

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