J.P. Morgan Asia Technology Tracker 8 Jun 26 Asian Tech; El Niño; Hon Hai Precision; TSMC; Sony Group (6758) and More

研报英文原文证据摘录

J.P. Morgan Asia Technology Tracker 8 Jun 26 Asian Tech; El Niño; Hon Hai Precision; TSMC; Sony Group (6758) and More

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Asia Technology Tracker 08 June 2026

Asia Pacific Reports/Notes

Asian Tech

2026 Computex Takeaways Part 2 (Albert Hung / Gokul Hariharan / William Yang)

We hosted the JPM Computex booth tour on June 3-4, and our takeaways were:

Kyber rack timing risk (backplane SI): Our research suggests potential uncertainty/delay for NVIDIA’s

Kyber GPU rack (mass production targeted for 2H27) due to backplane signal-integrity challenges. We see

two alternative designs under evaluation for Rubin Ultra NVL144: (i) two back-to-back interconnected

NVL72 racks via cable cartridges, or (ii) NVLink CPO switching. We expect a decision to take time (still ~1.5

years ahead of MP), with key swing factors including M10 CCL qualification progress (link) and CPO switch

maturity.

El Niño

Tracking Dashboard (Alan Hon / Hannah L Lee)

Alongside our El Niño - Sunbaked summer: Transition trades for top temperatures report, we are launching

this trackable Dashboard to monitor the El Niño development.

Hon Hai Precision (Overweight), Taiwan

Healthy May sales; 2Q26 guidance lifted by smartphone upside and stronger AI rack shipments

(Gokul Hariharan)

May sales driven by above seasonal smartphone demand; 2Q tracking better than expected - mid to

high teens QoQ growth, in our view – AI and iPhone better: Hon Hai announced May sales of NT