Asia Tech Hardware Equities PC early pull-in peaked; ASIC server shipments to accelerate in 2H25 PC and server ODMs' June monthly sales review: The major PC ODMs saw a strong pull-in in June (up 22% MoM, 9% YoY) with 2Q25 ODMs' notebook shipments up 11% QoQ, higher than the previous ODMs' 2Q25 guidance of a 5-10% increase. On the other hand, we also saw better than expected shipment growth in ASIC servers in June. Wiwynn's 2Q25 revenue of TWD220bn was up 29% QoQ, 185% YoY, above HSBCe/market consensus by 26 ...