Japan Essentials - 18 May 2026

研报英文原文证据摘录

Japan Essentials - 18 May 2026

Macquarie Equity Research

15 May 2026

Technology Hardware & Equipment

AsiaMacVisit: CHPT

Shifting mix toward next-gen AI testing solutions

Katherine Arthur

About this company Zheng Lai

• Chunghwa Precision Test Technology (CHPT, 6510 TT - Not Rated) is

engaged in high-end semiconductor testing solutions. Originally founded

as a high-speed PCB team within the Chunghwa Telecom Lab, the Figure 1 - Chunghwa Precision Test

company focuses on the design and manufacturing of load boards, probe Tech

cards, and interposers used in both wafer-level and final testing. CHUNGHWA PRECISION TEST TECH

Stock Code 6510 TT

Why we visited Price (LCY) 3,785 Market Cap (US$ mn) 3,966

• We visited CHPT to observe the latest developments in the semi testing ADT (US$ mn) 81.6 52 week range 765 - 4475

sector, which mgt indicates is expanding due to increased complexity in PE Ratio (TTM) (x) 111.0

HPC and mobile architectures. As the industry moves toward advanced

Source: Bloomberg, priced as of 14 May 2026 close

packaging and AI-driven hardware, our visit focused on the company's

capacity expansion plans and its evolving role within the global supply The subject Company discussed in this report is not under

chain for high-speed testing interfaces. Macquarie Research’s coverage. This report is not an

initiation of coverage on the Company and does not intend to

The most interesting findings provide any rating or recommendation on the Company.

• Market share in AI. Mgt noted significant design-win momentum for

next-gen AI platforms. While the company holds c.25% share in current-

gen AI GPU/CPU load boards, it guided for >50% supply share for the

upcoming next-gen architecture. Also, mgt indicated it remains the

exclusive provider for specific AI accelerator boards.