公众号记得加星标⭐️，第一时间看推送不会错过。 来源 ：内容来自 工商时报 。 也因此，法人对今、明两年的ASIC市场看法更加乐观，预期2024到2026年的ASIC芯片出货量CAGR 可高达70％，尤其今年起到明年，将有更多采用的ASIC机柜设计推出。 研调机构预估，今年度在AI训练用的ASIC出货量将在今年以逾两成年增幅、成长至上看500万颗， 在整体AI伺服器类别中，采用AI GPU与ASIC出货比重将消长为62：38，2026年再随ASIC的比重提 升、占比变化为60：40。 DIGITIMES认为，自研ASIC加速器除能降低能耗、有助CSP掌控AI基础设施的成本与供应链，亦能 降低其受制于英伟达或国际政治因素，同时透过技术创新、建立市场壁垒，也更能进一步确保CSP业 者的AI应用产品与服务竞争力。 美系四大CSP中，AWS预计于下半年推出采用Trainium 2／2.5的Teton 2机柜，推升其ASIC芯片出 货量增长逾四成，同时也带动其主要组装厂纬颖与其主要供应链纬创的出货动能。 至于Meta规划自下半年起，逐步开始量产采用自家MTIA芯片的Minerva机柜，主要组装厂除了美商 Celesti ...

Investment Rating - The report maintains an "Overweight" rating for the electronic industry [1] Core Insights - The ASIC business model requires service providers to possess capabilities in IP design and SoC design, with companies like Broadcom and Marvell leading the market [6][11] - The custom chip market is projected to reach $55.4 billion by 2028, with a CAGR of 53% from 2023 to 2028, driven by increasing demand for AI and data center applications [6][43] - The performance of major players like Broadcom and Marvell continues to show strong growth, with Broadcom's AI business revenue exceeding $4.4 billion in FY25Q2, a 46% year-on-year increase [6][49] Summary by Sections 1. ASIC Business Model Requirements - Service providers need strong IP design capabilities, including high-speed SerDes and SoC design [6][11] - Broadcom and Marvell dominate the ASIC market, holding over 60% market share [36] 2. Market Space - The ASIC market is expected to grow significantly, with Broadcom and Marvell forecasting substantial increases in data center capital expenditures [43][44] - By 2028, the global data center market is projected to exceed $940 billion, with ASICs accounting for a significant portion of this growth [44] 3. Custom Business Outlook - The custom chip business is experiencing high demand, with Broadcom and Marvell reporting strong revenue growth [49][50] - Broadcom's semiconductor segment generated $8.4 billion in revenue, with AI business contributing significantly [51] - Marvell's data center business revenue reached $1.441 billion in FY26Q1, a 76% year-on-year increase [52] 4. Profitability Analysis - Broadcom and Marvell maintain higher gross margins compared to other custom chip manufacturers, with margins around 60% [54] - The gross margin for Broadcom's semiconductor division is approximately 67%, while Marvell's overall gross margin is around 60% [54]