Broadcom Faces TPU Shakeup After 3% Drop

Yahoo Finance · 2026-06-25

Broadcom Faces TPU Shakeup After 3% Drop Khac Phu Nguyen Thu, June 25, 2026 at 9:24 AM EDT 1 min read AVGO GOOGL 2454.TW This article first appeared on GuruFocus . Broadcom ( NASDAQ:AVGO ) came back into focus after Wedbush Securities responded to a media report suggesting MediaTek could potentially become Google's ( NASDAQ:GOOG ) leading supplier of tensor processing units, replacing Broadcom. Shares were little changed in premarket trading after falling more than 3% on Tuesday, suggesting investors were still weighing how serious the possible supplier shift could be. Warning! GuruFocus has detected 2 Warning Sign with AVGO. Is AVGO fairly valued? Test your thesis with our free DCF calculator. Wedbush analyst Matt Bryson said the firm does not have a view on whether the Commercial Times report is accurate. However, he noted that if the report proves correct, the impact could be meaningful for the semiconductor space. Bryson said such a move could possibly pressure the market's view that Broadcom holds a superior position in the custom ASIC market versus peers, while also creating potential upside for MediaTek's 2028 estimates if its ramp into Google accelerates. The Commercial Times reported that Google could shift TPU design work to MediaTek in 2028 for its upcoming v9 TPU, known as Triggerfish. The report said Google had initially planned to work with Broadcom and use its 448G SERDES technology, but delays may have contributed to the possible switch. Separately, Google may use Samsung ( SSNLF ) to manufacture the memory input-output die for its upcoming 10th-generation TPU, partly due to constraints at Taiwan Semiconductor ( NYSE:TSM ).

AI 시장 분석

Media reports suggested Google may shift its 2028 v9 TPU (Triggerfish) design partner from Broadcom(AVGO) to MediaTek, sending AVGO shares down more than 3%. Wedbush said the report is unconfirmed but noted that, if true, Broadcom's custom ASIC advantage could be weakened and there could be upside to MediaTek's 2028 earnings estimates. The reports pointed to Broadcom's 448G SERDES delays and TSMC production constraints as reasons for the potential switch, and mentioned Google might assign memory I/O dies to SSNLF(삼성). Market implications were summarized as a revaluation of Broadcom and similar ASIC vendors, benefits for MediaTek and Samsung foundry, and a possible reorganization of the AI accelerator supply chain.

상승 영향

Semiconductors (ASIC/AI accelerators) — If Google moves TPU design to MediaTek, demand for MediaTek's AI accelerators could surge, materially improving MediaTek's 2028 earnings and valuation prospects.
Foundry (삼성) — If Google awards memory I/O dies to SSNLF(삼성), high‑value foundry and packaging demand would increase, directly benefiting Samsung's foundry business.
AI hardware ecosystem (fabless & package — A customer switch would create new orders for fabless companies and packagers, expanding revenues across the AI accelerator supply chain and prompting further technology investment.

하락 영향

Custom ASICs/System Semiconductors (AVGO — The potential loss of Google would erode Broadcom's position in custom ASICs, weakening future contract and revenue growth outlook and putting downward pressure on its stock and valuation.
Foundry (TSM) — If TSMC's capacity constraints push large customers to suppliers like Samsung, TSMC could face near‑term demand loss and constrained contract growth.

AI가 생성한 분석으로 투자 자문이 아닙니다.

DYAX Investor Sentiment

Bullish (Long) 29% · Bearish (Short) 71%

359 participants

Related News

원문 보기 — Yahoo Finance