Quick Updates on AI Supply Chain

Here are some rapid updates from our end:

1. GB300 Forecast: Quanta Emerges as a Key Player

We are seeing an upward revision for GB300 demand. In addition to Foxconn maintaining strong order momentum, Quanta's received demand is now comparable to Foxconn's, potentially positioning them as one of the dark horses for 2026.

2. Upstream PCB Expansion and Yield Headwinds

While upstream PCB material suppliers are progressively expanding capacity, some sell-side analysts believe the expansion of the Japanese leading supplier ecosystem will negatively impact Taiwanese players. This view demonstrates a lack of familiarity with foreign supply chain realities. The fact is, as material complexity increases, yield issues become more pronounced. The Japanese supply chain will face similar yield challenges. Consequently, the supply-demand balance is likely to be tighter than what the market currently perceives.

3. CCL M9 Material Rumors for NVIDIA Switch Tray

Recent market rumors suggest that CCL M9 material may be utilized in the NVIDIA Switch Tray. Currently, China's Shengyi Technology appears to be a potential main supplier for this material, but we must await official testing results. EMC stock price has recently been reflecting this type of speculation.