
聯發科受惠於Google下一代TPU v9需求強勁,市場擔心英特爾EMIB-T基板供應可能成為瓶頸,但美系外資指出Google正考慮台積電CoWoS作為備援方案,聯發科與台積電積極協助滿足需求,預估2028年ASIC業務營收上看540億美元,目標價上修至6188元,另潛在第二家CSP客戶可能為SpaceX或AI實驗室,將成為股價催化劑。
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聯發科為IC設計龍頭,近年受惠於AI晶片需求成長,Google為其重要客戶,TPU為其自研AI加速器,台積電CoWoS為先進封裝技術,常用於高效能運算晶片。
聯發科與台積電正積極協助Google滿足相關需求。(記者卓怡君攝)
〔記者卓怡君/台北報導〕IC設計龍頭聯發科(2454)來自大客戶Google下一代TPU v9(代號Humufish)需求強勁,但市場擔心英特爾EMIB-T基板供應可能成為Google TPU v9於2028年出貨的潛在瓶頸,美系外資出具最新報告指出,根據供應鏈最新調查,Google正考慮以台積電(2330)CoWoS作為2027年TPU的備援方案,聯發科與台積電目前均正積極協助Google滿足相關需求,台積電願意擴大支援生產,將有助聯發科2028年ASIC業務成長,預估聯發科2028年ASIC業務營收上看540億美元,將聯發科目標價從5588元上修至6188元。
聯發科今日股價隨大盤回檔休息,截至9:13分左右,聯發科股價下跌1.99%,暫報5180元,成交量逾2470張。
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美系外資分析,除了Google TPU之外,市場另一項討論焦點是聯發科的第二個CSP客戶可能是誰?由於聯發科的設計服務具備較高的技術含量,包括IP與設計能力,並透過與NVIDIA(輝達)NVLink Fusion的合作關係,取得另一家專注AI的CSP(雲端服務供應商)或AI實驗室客戶之AI ASIC專案的機率正在提高,包括SpaceX及一家AI實驗室客戶均對相關合作表達興趣,該客戶最快可能在第4季做出決定,若聯發科成功取得專案,將成為股價的重要催化劑。
美系外資指出,在Google TPU持續放量、CoWoS與EMIB-T雙供應模式降低供應瓶頸,以及潛在第二家CSP客戶帶來新增AI ASIC專案的情況下,重申聯發科為首選股(Top Pick)。
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AI outlook — possibilities, not facts
聯發科將在2024年第4季獲得第二家CSP客戶的AI ASIC專案
Possible · Within months

Yuhua Biomedical, a subsidiary of Yanchen Biotechnology, announced its cooperation with QuantHealth of the United States, using its AI clinical trial simulation platform to support the combination of oncology expertise and artificial intelligence, and planning and evaluating clinical development strategies based on evidence. Chairman Huang Zhongyang said that this cooperation represents an important milestone for the company in the integration of new drug research and development and smart medical care.

After Lianjia Investment Holdings (3717) transformed into a holding company, it has been deeply involved in the fields of automotive optoelectronics, AI smart cities, Micro-LED CPO optical communications, military drones and robots. Today, the stock price appeared in advance and the market price limit reached 27.85 yuan. As of 10:25, the trading volume reached 16,400 contracts, and the number of orders to buy at the upper limit price exceeded 6,300. The company's consolidated revenue in August was 505 million yuan, an annual increase of 10.01%. The cumulative revenue in the first eight months was 4.551 billion yuan, an annual increase of 891.25%. The net profit after tax in the first half of the year was 240 million yuan, an annual increase of 403.79%. The after-tax earnings per share were 1.15 yuan, turning a loss into a profit. The shipment of high-margin automotive light sources is driven by the increase in the production of fuel vehicles and HEVs by international automakers. The exchange benefits from the appreciation of the US dollar and the expected mass production of dozens of products by the new plant in Mexico in Q4 are supportive.

The launch of Guangbutun Koi Park, the first development area of Wuhan Innovation Zone, marks the transition of the "Koi Plan" from top-level design to substantial implementation. The park has a total construction area of approximately 93,000 square meters, with a usable area of 42,000 square meters in the first phase, and more than 100 projects in reserve. Through the symbiotic development of urban renewal and scientific and technological innovation, we explore a new Silicon Alley economic model that integrates the three areas of "campus, park, and community" and provide full-chain services for the transformation of scientific and technological achievements.

The Institute of Economics of the Shanghai Academy of Social Sciences released the "Shanghai Economic Development Report (2026): Construction of an International Consumption Center City", pointing out that the integrated development of culture, business, tourism and sports exhibitions is an important way for Shanghai to promote consumption upgrades and cultivate new increments. It is also a key to improving the energy level and core competitiveness of an international consumption center city. The report analyzes that the Shanghai consumer market shows significant characteristics of scale expansion, energy level improvement, circle diffusion, and stratification. However, it faces shortcomings such as insufficient adaptability on the supply side. It recommends upgrading consumer infrastructure, enriching scene supply, optimizing policy tools, promoting the deep integration of cultural, commercial, tourism and sports exhibition institutions, strengthening original IP, strengthening technological empowerment, improving the industrial ecology and international layout, activating inbound consumption potential, accurately matching the needs of key groups, and promoting the coordinated development of the consumer market in the Yangtze River Delta and the wider region.

The Asia Perfume Show was held in Paris from September 23 to 25, and was co-organized by Odor Shanghai and the French olfactory culture organization NEZ. The exhibition brings together more than 40 perfume brands from China, South Korea, Thailand, Vietnam and other Asian countries and regions, attracting nearly 3,000 visitors. During the exhibition period, professional visitor days, public open days, forums and pop-up activities were held, and a cooperation signing between Smell Shanghai and the International Fragrance Archives was promoted.

The 2026 Sichuan Provincial Culture and Tourism Development Conference was held in Chengdu. Sichuan released new plans for the development of the cultural tourism industry and 334 key investment projects with a total investment of 181.206 billion yuan to promote the in-depth integration of culture and tourism, expand new space for industrial development, focus on new tracks such as digital culture, health and wellness vacations, rural tourism, and study tourism, and optimize inbound tourism service guarantees.