Broadcom's integrated optics, electronics and packaging could lower custom-chip system costs because separate suppliers defend their margins. At similar valuations, it is preferred to Nvidia and has more room to beat expectations. Google TPU v8 shipments are estimated at 4.0M in 2026 and 9.1M in 2027, assuming Broadcom supplies the remainder after MediaTek's allocation. Anthropic financing adds value only if chip profit exceeds likely support payments and capacity costs. x.com  x.com 

Google TPU adoption could broaden the AI hardware opportunity beyond Nvidia, with demand reaching custom ASICs, HBM, packaging, optics and testing. Per The Information, OpenAI reportedly plans to buy Google's TPUs and is hiring compiler engineers, but no purchase is confirmed. Broadcom, SK hynix, Samsung, Micron, TSMC, Coherent, Lumentum, FormFactor and Teradyne could benefit. x.com 

MediaTek has ample ASIC opportunity as Google's TPU ramp accelerates and Broadcom's pricing becomes a problem for Google. Per Mizuho, TPU shipments could top 35M in 2028, about 8x 2026, while Broadcom's CoWoS plus N3 package has become expensive. MediaTek's potential challenges are 224G SerDes IP integration and EMIB-T packaging yields, though checks by @sssjeffpu put EMIB-T above 95%, so yield should not be a major problem now. Intel and Broadcom also have ASIC opportunities. x.com 

Intel's EMIB-T packaging could reaccelerate now that the root causes of substrate yields around 45-50% have been identified. Momentum for EMIB-T is rising for Google's TPU v10, supporting the mid- to long-term positive view despite the v9 timing slip. x.com 

MediaTek gains three ways from AI, as compute spending grows, TPUs take a larger share of it and MediaTek takes a larger share of each TPU's bill of materials. @KairosPraxis adds that MediaTek designs the TPUv9 ASIC, has close TSMC ties amid a wafer shortage and could gain if AI capex shifts to cheaper players. @KairosPraxis also sees it as largely a TPU story, where any execution delay would sink the stock, with mobile flat to down. x.com 

Semtech's on-PCB CTLE linear equalizer can solve high-speed link problems with no latency penalty, as technical simulations on a real design problem showed. MediaTek's TPU is carried by this SiGe amplifier chip, and LPO and NPO optics are further uses. x.com 

Broadcom and MediaTek risk being bypassed after Google reportedly told TSMC it wants to become a major direct customer, per Tech Taiwan. That points to Google's ultimate goal of an Apple-style COT model, though both partners internally still see the shift as a distant threat. x.com  x.com 

MediaTek should heavily outperform over the next two years. It is preferred over Qualcomm, which has photonics upside from acquisitions such as Alphawave's optical networking IP but too much exposure to China. x.com  x.com 

Broadcom is depending on a massive Anthropic and OpenAI ramp over the next two years as Google becomes less and less important to it. CEO Hock Tan gave exact gigawatt figures for every customer except Google, which got only a vague tens of billions, a bad sign that MediaTek has taken share. x.com 

MediaTek's upside from designing Google's TPU looks limited because inference is the bigger market and the biggest players have their own chips. They will push their own silicon as much as possible and have no incentive to try TPUs; TPU had an edge two years ago, but Google did not act in time. That counters @KairosPraxis's case that the market underestimates MediaTek's TPUv9 ASIC work. x.com