J.P. Morgan
Report published August 13, 2026
Asian Semis: J.P. Morgan Equity Research Report (August 13, 2026)
Source and citation context
- Issuer
- J.P. Morgan
- Report date
- August 13, 2026
- Analysis as of
- June 1, 2026
Authors / editors: Gokul Hariharan (Analyst), Jennifer Hsieh (Analyst), David Chou (Analyst), Jason Chen (Analyst), Subham Singhania (Analyst)
Finvaulta summarizes J.P. Morgan's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Sector ReportEquitiesInformation Technology
The Asian semiconductor sector saw record YoY revenue growth in June 2026, driven by sustained AI demand and tight memory supply. Analysts increased long-term capex forecasts for key beneficiaries like TSMC.
Key Takeaways
- 1.Overall semiconductor revenues rose 134% YoY in June, marking the tenth consecutive month of acceleration.
- 2.TSMC capex forecasts increased to $62bn/$81bn/$90bn for 2026/2027/2028 due to sustained AI demand.
- 3.Memory demand is broadening from GPU to CPU, with DRAM wafer allocation to HBM expected to reach 32% by 2028.
Table of Contents
- Asian Semis
- Technology and Telecoms
- Key charts
- Companies Discussed in This Report
- Important Disclosures
- Samsung Electronics (005930.KS, 005930 KS) Price Chart
- Tokyo Electron (8035) (8035.T, 8035 JP) Price Chart
- Explanation of Equity Research Ratings, Designations and Analyst(s) Coverage Universe
Report data
Semi ex-memory revenue YoY — as of June 1, 2026.
| Metric | Estimate | Context |
|---|---|---|
| Semiconductor revenue YoY growth | 134% | Overall semiconductor revenue growth |
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Authors / Editors
Gokul Hariharan · AnalystJennifer Hsieh · AnalystDavid Chou · AnalystJason Chen · AnalystSubham Singhania · Analyst
Reported Data Context
- Semiconductor revenue YoY growth: 134 % (June 2026) · Source: WSTS
Securities
Samsung Electronics2330.TW
Themes
AI Compute Demand
Regions
Asia PacificTaiwan