Taiwan Electronics & Semiconductors: Taiwan Monthly Tracker and What’s New in AI – AI and Data Center Supply Chain Continues Seeing Strong Momentum

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Taiwan Electronics & Semiconductors: Taiwan Monthly Tracker and What’s New in AI – AI and Data Center Supply Chain Continues Seeing Strong Momentum

tive over the unit shipment outlook in 2H. Given the early pull-

in and rising constraints in components procurement, we expect 3Q26E NB

shipments to decline -6% QoQ/-16% YoY. Nonetheless, we believe price hike effect

in NB products lines should partially offset the impact from the shipments decline,

supporting NB ODMs’ revenue performance.

Power, thermal and component- Delta’s June and 2Q26 sales came slightly below

but better than feared. June 2026 sales were up 11% MoM and 55% YoY reaching

record NT$65.6bn. Driven by solid momentum in AI data center power systems and

liquid cooling deployments, this performance marked a strong 55% YoY expansion.

2Q26 revenue was NT$183bn (up 15% QoQ). As high-voltage power components

and server infrastructure pipelines remain fully booked, this robust top-line

momentum provides a highly visible runway heading into the traditional second-

half peak season.

Jun-26 sales, as reported by thermal players (AVC & Auras), were slightly up from

May at +7% MoM/+67% YoY, 2Q26 revenue for both AVC and Aura was slightly

below expectation with QoQ flat. We believe the revenue momentum slowdown

caused by the GPU platform transition is coming to an end, despite Auras

experiencing delays in client order pull-in. We expect both companies to regain

revenue momentum thanks to the ramp-up of the ASIC platform with sequential

sales growth in 3Q26E and expect Vera Rubin will begin contributing revenue by

the end of the quarter.

For passive components Yageo reported record-high monthly sales in Jun-26 even

with high comparison base, implying potential upside to current quarter earnings

estimates.