According to Morgan Stanley, the investment bank cut target prices for six Taiwan memory chipmakers by 48-59% during the week of Nov 9-13, citing a 20% drop in consumer NAND spot prices and concerns over a potential 2028 profitability cliff if U.S. data center deployments are delayed. Despite the selloff, control chip manufacturer Mediatek (8299) reported a record Q3 earnings per share of 138 yuan and launched a share buyback program of up to 4.56 billion yuan to support the stock, creating a contrasting dynamic against foreign institutional selling pressure across the sector.

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