June 30, 2025 09:00 PM GMT Global Technology AI Supply Chain: Semis Field Trip – Key Takeaways TSMC's 2026 CoWoS capacity is growing > 30% Y/Y, psoitive for both the Nvidia and AI ASIC supply chains. On the other hand, B30 GPU shipments to China will be a wild card for China's AI capex. Over the past week, our global semis team met with ~20 corporate and AI industry experts in the AI supply chain in Taiwan and Beijing. We also met investors there to get a sense of market sentiment. In general, investors are ...

China's AI application/inference demand is strong, but hardware supply is the bottleneck: Chinese AI developers (covered by our Internet analyst for China, Gary Yu) in Beijing are aware of NVIDIA's B30 (RTX 6000 Pro) chips, though no official purchase orders with NVIDIA have been confirmed. However, our checks with Taiwan's supply chain indicate foundry wafer orders for this chip totaling 2mn units in 2H25, and annual run-rate is around 5mn units. If B30 cannot be shipped to China, some Chinese AI developer ...