联发科，23年最佳

Group 1 - Media reports indicate that MediaTek has partnered with Alphabet's unit to design Tensor Processing Units (TPUs), which are seen as potential competitors to NVIDIA's chips in the AI application field [1] - MediaTek is known for smartphone chips, but faces pressure on gross margins due to uncertain demand, intense competition, and high R&D costs; however, AI-related news has provided some relief for its stock price, which has still declined by approximately 1.4% this year [1] - Morgan Stanley analysts upgraded MediaTek's rating from "Equal Weight" to "Overweight," citing that the growth of Google TPUs should offset headwinds in the smartphone market in the long term [1] Group 2 - UBS analysts raised their 2027 sales forecast for MediaTek's TPUs from $1.8 billion to $4 billion, predicting that these chips will account for 20% of the company's operating profit by 2028, contingent on MediaTek's execution with Google [2] - Recent interest has been fueled by reports that Meta is discussing the adoption of Google TPUs in data centers by 2027; UBS believes MediaTek has further growth potential in additional ASIC projects with Meta [2] - Overall, foreign investors remain optimistic about MediaTek, with 23 firms maintaining a "Buy" rating and 10 firms a "Hold" rating, while no firms have issued a "Sell" rating; analysts from Macquarie Group express a preference for investing in MediaTek and other Google partners over NVIDIA's supply chain [2]