Kinsus Interconnect Technology News

US June non-farm payrolls badly missed at 57K versus the 110K consensus (prior two months revised down a further 74K combined), cooling Fed rate-hike fears and rotating capital from high-multiple tech into value sectors — yet Taiwan retains three structural supports: ~NT$623.8B (~$19.5B) in July cash-dividend reinvestments, TSMC's Q2 earnings call on July 16 (CoWoS capacity, advanced packaging, and AI ASIC pipeline in focus), and intact AI server supply-chain demand. Analyst spotlights ABF substrate trio Unimicron (3037), Nanya PCB (8046), and Jingsuo (3189) as near-term relative-strength plays, arguing the group is exiting an inventory correction into a new growth cycle driven by AI GPU/ASIC and HPC demand.

Why it matters: Strategy and sector-rotation commentary with a concrete near-term catalyst (TSMC July 16 earnings) and specific supply-chain stock picks, but no hard news event such as a contract award, capex announcement, or earnings release.

Taiwan's TAIEX closed +211pts at 46,255 after early gains of 741pts faded on foreign net selling of NT$256.5B over three sessions and TAIFEX short positions hitting a record 83,605 contracts. Bullish drivers remain: Micron sees memory shortage through 2028 with 16 long-term contracts signed, Qualcomm raised 2029 non-handset targets, ASE is building 15 new plants amid advanced packaging shortage, and 2026 hyperscaler capex is estimated at $805B rising to $1.1T in 2027.

Why it matters: Broker market commentary citing sector beneficiaries (memory, ABF substrate, PCB) and reiterating known AI capex tailwinds rather than a specific stock-moving event.

TAIEX closed +211.66 pts at 46,255 after a late sell program in TSMC (-NT$30 to NT$2,390, 11.6k lots dumped on the close) capped a session that opened up nearly 750 pts. Micron's beat and its signal that memory tightness extends past 2027 lifted Nanya Tech +7%+, while strong Qualcomm results drove ABF substrate names Kinsus, Nan Ya PCB and Unimicron limit-up through NT$1,000; passives led by Yageo +7% rallied on Taiyo Yuden's surge and price-hike themes.

Why it matters: Daily market wrap covering sector moves driven by Micron/Qualcomm earnings and memory/ABF/passives strength — supply-chain read-through rather than a single stock-moving catalyst.

Despite foreign investors dumping NT$177.4B of Taiwan stocks, the analyst argues AI demand remains intact, citing Micron's Q3 FY26 revenue of $41.46B (+346% YoY), Q4 guidance of $49-51B, and 16 long-term supply agreements. The piece names AI supply chain beneficiaries across power (Delta 2308, Silergy 6415), CCL (TUC 2383, Iteq 6213) and ABF substrates (Unimicron 3037, Kinsus 3189, Nan Ya PCB 8046) as pullback buys.

Why it matters: Brokerage commentary recapping Micron earnings and listing well-known AI supply-chain beneficiaries — sector/supply-chain framing rather than a stock-specific catalyst.

TAIEX whipsawed in a 1,456-point intraday range before closing at 43,149 (-0.18%) on TSMC's (2330) ex-dividend session and Mideast tension; turnover shrank to NT$1.25T (~US$39B). TSMC briefly filled the dividend gap but closed flat at NT$2,250, while Hon Hai (2317) fell 1.71% and MediaTek (2454) dropped 1.68%; quartz-component names Txc (3042), Acer Cyber (6174) and Chilisin (8182) hit limit-up on price-hike themes, but ABF substrate makers Unimicron (3037), Nan Ya PCB (8046) and Kinsus (3189) all closed lower.

Why it matters: Daily market wrap covering index moves, TSMC ex-dividend mechanics and sector rotation in quartz components and ABF substrates — useful supply-chain color but no single stock-moving catalyst.