Google’s next-generation TPU systems are expected to adopt Aspeed’s server-management chips, according to Morgan Stanley. The bank estimates this business could account for 13% of Aspeed’s 2027 revenue. That would expand Aspeed’s role in Google’s custom-chip infrastructure, where Morgan Stanley says TPUs have historically used microcontrollers for management. Aspeed (5274 TT) designs baseboard management controllers, or BMCs, which let operators monitor hardware, troubleshoot systems and control servers remotely. Supply is one condition to watch. Morgan Stanley says a T-glass shortage currently caps Aspeed’s shipments. The company is qualifying E-glass as an alternative, which the bank believes could support shipments above 2 million units a month.