Asia Technology Tracker

J.P. Morgan's Asia Technology Tracker dated 13 November 2026 covers Taiwanese technology names. AP Memory is initiated at Overweight with a Dec-27 price target of NT$1,000: silicon capacitors should scale to about half of total revenue in 2027 from roughly 20% in 2026, supported by Intel EMIB demand where AP Memory holds over 70% share, and 2025-28E EPS CAGR is forecast at 95%. ASUSTek stays Neutral with the target cut to NT$800, as 3Q26 margins likely mark a peak and a PC downcycle implies a 10-15% shipment decline in 2027 despite 150%+ server revenue growth in 2026. E Ink remains Overweight with a Jun-27 target of NT$240, on 14% revenue growth in 2027 and 24% IoT growth led by ESL, signage and retail media. Hon Hai stays Overweight on strong 3Q26 gross margins and 30%+ AI server rack shipment growth in 2027.