Broadcom’s custom silicon partnership with Google just got a vote of confidence from Wall Street. JPMorgan analyst Harlan Sur pushed back on recent speculation that the TPU v9, Google’s next-generation AI training chip built by Broadcom, had fallen behind schedule.
Sur’s June 17 note confirmed the 2nm ASIC program remains firmly on track for volume production ramping in 2028. He raised his price target on Broadcom to $580 and reiterated an Overweight rating, a signal that the delay fears circulating in recent days were, in his view, unfounded.
What the TPU v9 actually is, and why it matters
The chip packs four compute dies, 16 HBM (high-bandwidth memory) stacks, and 400Gbps SERDES interconnects.
Broadcom kicked off the intellectual property design phase for TPU v9 in the first half of 2025, then moved into full system-on-chip design in the second half of that year. That timeline, according to Sur’s supply-chain checks, has not slipped.
