[JPMorgan: MediaTek's Custom AI Chip Business Growth May Extend Beyond 2028] According to a report by Jinse Finance, JPMorgan stated that MediaTek's custom AI chip business is expected to maintain strong growth even beyond 2028. As MediaTek's involvement in Google's AI accelerator project continues to deepen, the business is likely to expand further despite increasing competition among other chip design partners. JPMorgan believes that concerns about MediaTek's position in Google's AI chip supply chain have been overly exaggerated and anticipates that MediaTek will remain a key partner for Google's next generations of chips. MediaTek's capabilities in connectivity technology, interconnect technology, and system-level design will support its continued participation in related projects. JPMorgan has raised its earnings forecasts for MediaTek for 2027 and 2028, and increased the June 2027 target price from 5,300 TWD to 5,600 TWD, citing a more optimistic long-term growth outlook for MediaTek's custom AI chip business, which is expected to deliver stronger operating leverage. (Jin10)