Broadcom Shares Drop 3% as Google May Shift 2028 TPU Work to MediaTek
AVGO•Broadcom shares fell over 3% after Wedbush warned that MediaTek could replace them in designing Google’s 2028 v9 TPU (Triggerfish), potentially undermining Broadcom’s lead in custom ASICs. Investors are also monitoring reports that Google may tap Samsung for memory I/O dies due to TSMC capacity constraints.
1. Wedbush Warns on Custom ASIC Position
Wedbush analyst Matt Bryson highlighted a report that Google may move TPU design work from Broadcom to MediaTek for its 2028 v9 chip, triggering a more than 3% slide in Broadcom shares before losses narrowed in early trading.
2. Details of Google’s TPU Shift
Industry reports state Google initially planned to use Broadcom’s 448G SERDES technology for its v9 Triggerfish TPU, but delays have prompted discussions with MediaTek; separate details suggest Samsung could handle memory input-output die production due to capacity limits at Taiwan Semiconductor Manufacturing.
3. Implications for Chipmakers
The potential shift pressures the market’s view of Broadcom’s superiority in custom ASICs while offering upside to MediaTek’s 2028 estimates; investors are weighing revenue impacts across major semiconductor players and the evolving supplier landscape.
