Technology - Asia Pacific: Viewing Angle: May ASPs in line; 3Q ASP outlook improves to stable

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Technology - Asia Pacific: Viewing Angle: May ASPs in line; 3Q ASP outlook improves to stable

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Technology - Asia Pacific

Viewing Angle: May ASPs in line; 3Q ASP

outlook improves to stable

Industry Overview

May ASP trend in line, with MNT showing modest strength 20 May 2026

May panel ASP developments were broadly in line with expectations, reinforcing a stable Equity

pricing environment. According to WitsView, TV panel ASPs remained flat across sizes, Asia Pacific

thanks to supply side control. Monitor panel ASPs increased slightly MoM, as panel makers Technology

continued to pass through higher input costs, supported by resilient demand driven by pull- Brad Lin >>

in activities and consolidated industry landscape. Notebook panel ASPs remained flat, as Research Analyst

stiff competition offset the benefits from near-term demand strength. Merrill+886 2Lynch2376 (Taiwan)3728

brad.lin@bofa.com

June pricing appears steady, driven by pull-in demand

In June, panel ASPs across most applications/sizes are likely to remain largely flat MoM,

slightly better than our prior expectation of softening. Demand seems to be holding up

more steadily than expected, supported by ongoing pull-in orders. Notably, monitor ASPs

may still edge higher, albeit with a narrower hike, as higher component costs—including

but not limited to ICs—continue to be reflected in pricing. Overall, pricing resilience

suggests effective supply discipline and improved cost pass through mechanisms.

Exhibit 1: Abbreviations

3Q ASP outlook improves on restocking support for year- Abbreviations and definitions

end demand Acronym Full name

ASP Average selling price

Beyond 2Q, our view on pricing has turned incrementally constructive. While we IC Integrated Circuit