Google May Switch TPU Supplier to MediaTek, Impacting Broadcom
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2026
0mins
Source: seekingalpha
- Supplier Change Risk: According to The Commercial Times, Google may shift its tensor processing unit (TPU) design work to MediaTek in 2028, replacing Broadcom, which could significantly undermine Broadcom's competitive position in the custom ASIC market.
- Market Reaction Muted: Despite Broadcom's shares falling over 3% on Tuesday, the stock showed little change in premarket trading on Wednesday, indicating a relatively subdued market response to the potential supplier change.
- Positive Impact on MediaTek: If the news is accurate, analysts expect MediaTek's 2028 estimates to rise significantly, as collaboration with Google would accelerate its market penetration and enhance its standing in the semiconductor industry.
- Google's Strategic Shift: Google initially intended to partner with Broadcom to utilize its 448G SERDES technology; however, delays may have prompted a switch to MediaTek, which will affect the production and technological direction of Google's future TPUs.
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Analyst Views on AVGO
Wall Street analysts forecast AVGO stock price to rise
30 Analyst Rating
29 Buy
1 Hold
0 Sell
Strong Buy
Current: 369.340
Low
370.00
Averages
457.75
High
525.00
Current: 369.340
Low
370.00
Averages
457.75
High
525.00
About AVGO
Broadcom Inc. is a global technology firm that designs, develops, and supplies a range of semiconductors, enterprise software and security solutions. The Company operates through two segments: semiconductor solutions and infrastructure software. Its semiconductor solutions segment includes all of its product lines and intellectual property (IP) licensing. It provides a variety of radio frequency semiconductor devices, wireless connectivity solutions, custom touch controllers, and inductive charging solutions for mobile applications. Its infrastructure software segment includes its private and hybrid cloud, application development and delivery, software-defined edge, application networking and security, mainframe, distributed and cybersecurity solutions, and its FC SAN business. It provides a portfolio of software solutions that enable customers to plan, develop, automate, manage and secure applications across mainframe, distributed, mobile and cloud platforms.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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