September 27, 2026 09:43 PM GMT MediaTek | Asia Pacific TSMC CoWoS support eases MediaTek's 2028 TPU production concerns; OW | What's Changed | | | | --- | --- | --- | | MediaTek (2454.TW) | From | To | | Price Target | NT$5,588.00 | NT$6,188.00 | Thesis largely unchanged, but we raise our price target to NT $6,188 to bake in: 1) more secured TPU production in 2028, and 2) a second cloud AI ASIC revenue contribution. Lucas Wang Research Associate Lucas.Wang@morganstanley.com +886 2 2730-2875 MediaTek (2454. ...