谷歌链有压力了？TPU产能从400w下调到300w

Core Viewpoint - The article discusses the production capacity issues of Google's TPU, highlighting discrepancies in forecasts between foreign and domestic analysts, and the potential impact on the liquid cooling market [3][4][11]. Group 1: TPU Production Capacity - Analysts have differing views on Google's TPU production capacity, with foreign analysts being more conservative compared to domestic analysts who are more optimistic [4]. - Morgan Stanley's estimates indicate that the total TPU shipment for 2023 is 500k units, with projections for subsequent years showing significant increases, reaching 7 million units by 2028 [5][6]. - GFHK estimates a total TPU shipment of 400k units for 2026, but without specific breakdowns [6]. Group 2: Impact on Liquid Cooling Market - The article focuses on the impact of TPU production on the liquid cooling market, noting that V5 and V6 do not utilize liquid cooling, which may mitigate the impact of reduced overall TPU shipments [9][11]. - Even with a reduction in total TPU shipments from 400k to 300k, the liquid cooling market is expected to remain unaffected, as the majority of the reduction likely pertains to V5 and V6 units [9][11]. Group 3: Future Outlook - The article suggests that the estimates for V7 and V8 TPU shipments are higher than previously anticipated, with Morgan Stanley projecting 290k units, which is above the author's own estimate of 250k units [9][11]. - The overall sentiment indicates that despite varying estimates, the liquid cooling market's growth potential remains intact due to the expected demand from V7 and V8 units [11].