Asia Calls (China Memory/GPU Call), Smartphone Shipments, Memory Marketing Feedback

研报英文原文证据摘录

Asia Calls (China Memory/GPU Call), Smartphone Shipments, Memory Marketing Feedback

Joshua Meyers - Specialist Sales - US TMT AC (1-617) 310 0767 North America Specialist Sales J P M O R G A Njoshua.meyers@jpmorgan.com

J.P. Morgan Securities LLC 14 July 2026

Joshua Meyers

+1 617 310 0767

joshua.meyers@jpmorgan.com

TODAY at 9AM ET Billy Feng hosts a call to discuss China memory & takeaways from this week's Shanghai GPU tour,

including: 1) the supply chain is optimistic on sustained AI PCB growth; 2) NVDA's Vera Rubin PCB is in mass production,

while the Kyber NVL144 rack remains under testing; 3) optical module spec upgrades and potential CoWoP adoption are driving

mSAP demand; 4) domestic AI infra buildout could add high-end AI PCB demand from 2027; and 5) CCL pricing is bifurcating

— manageable for high-end but with severe shortages at the low-end. Register here. His takeaways note is also here.

And tomorrow at 9am ET Taiwan tech hardware analyst Alber Hung hosts a call to share updates on Server CPU &

Datacenter Power. Register here. And on Thursday at 9am ET Olivia Xu in China hosts an update on China LLMs

(Registerhere).

Elsewhere, demand for the group zoom with Delta Electronics IR Rodney Liu was overwhelming, so the company has

switched to a US investor-only call at a new time: 9:30pm ET on Thu Aug 6. Please register here(if you registered for the

original Asia investor call, we’ll swap your registration, unless the time doesn’t work for you.

Early thoughts on the US market from JPM Market Intelligence Head Drew Tyler…Futures are flat with Tech higher /

outperforming as US / Iran flare up spiked oil prices; WTI is above $80/bbl and Brent above $85/bbl as the ceasefire / MoU

appear to be voided with both sides claiming control of the SoH.