摩根大通：AVGO 和 MRVL持续主导ASIC市场 -两家企业均拿下下一代 2 纳米 AI 专用集成电路项目；2025 年ASIC整体市场规模达 300 亿美元，且增长前景超 30%

J P M O R G A N North America Equity Research 15 June 2025 Semiconductors AVGO and MRVL Continue to Dominate ASICs - Both Secure Next-Gen 2nm AI ASIC Programs; Overall Advanced Custom Chip (ASIC) Market Opportunity of $30B in CY25 and 30%+ Growth Outlook We are increasing our high-end custom ASIC chip market outlook to $30B (from our prior outlook of ~$25B ) growing at a 30% CAGR driven by the continued aggressive adoption of AI (training and inference), which is driving accelerating demand for custom chip ...