台湾率先上市（Taiwan First to Market）：要闻精选

Taiwan 3Q GDP beat again, rising 13.5% q/q saar, the 14th quarter of expansion. Growth broadened towards domestic demand (contributing 9.4%pts to headline GDP growth), though mainly capex still tied to the AI upcycle; AI and fiscal tailwinds could lift the growth outlook further. The CBC was still comfortable with a hold, with the debate shifting towards upside inflation risks rather than an immediate need to tighten; semi-/electronics costs largely feed into PPI while energy subsidies cushion CPI, and rising wages plus sticky services inflation raise second-round risks. MediaTek (2454 TT, OW, PT NT$5,600): 3Q26 earnings call confirmed a faster ramp for TPUv8t, on-time ramp with better substrate/EMIB-T outlook for TPUv9 and the addition of a new ASIC customer; we keep EPS estimates largely unchanged and stay OW. Read-through from INTC 3Q26: server CPU demand remains strong on inference while PC demand is weakening;