Taipei, Jan 26, 2026, 07:02 GMT+8 — Premarket
- Shares of Nanya Technology ended Friday at T$271.50, marking a 1.9% rise.
- The DRAM maker signaled a strong profit rebound in Q4 and revealed plans for increased spending in 2026.
- Investors are eyeing demand signals from device makers and await Nanya’s next monthly revenue update, set for Feb. 10.
Shares of Taiwan DRAM maker Nanya Technology Corp (2408.TW) caught attention ahead of Monday’s open after closing Friday at T$271.50, up 1.9%. The company reported a fourth-quarter net income of T$11.083 billion last week and outlined a 2026 capital expenditure plan around T$50 billion, pending board approval. This move supports a new fab with equipment move-in slated for early 2027. MarketScreener
The stock is benefiting from a renewed search for “picks-and-shovels” plays in the AI boom, as memory names regain momentum following a pause in Big Tech’s earlier rally. Memory and data-storage shares have surged amid forecasts of prolonged tight supply, with some predicting shortages stretching through 2028. Financial Times
DRAM, short for dynamic random access memory, serves as the working memory in computers and servers. For Nanya, the immediate challenge is seeing if stronger prices for standard DRAM chips can boost margins without sparking the typical drop in demand from PCs and smartphones.
Nanya president Lee Pei-ing expects chip prices to rise further this quarter amid tight supply. “Artificial intelligence [AI] servers and general-purpose servers are driving DRAM demand in 2026,” Lee noted, highlighting shortages across DDR4 and DDR5 products. The company is also set to boost capital spending to a record T$50 billion this year to speed up construction of a new plant, aiming for volume production by the first half of 2027. Taipei Times
Supply increases are on the way in the sector, but they’re slow to arrive. Micron Technology has inked a letter of intent to acquire Powerchip Semiconductor Manufacturing’s P5 fab for $1.8 billion. Micron anticipates that this deal will boost DRAM wafer production beginning in the second half of 2027. Reuters
Rising memory costs are starting to ripple through the supply chain. Reuters cites IDC and Counterpoint, which now predict global smartphone sales will drop by at least 2% in 2026, while the PC market could shrink around 4.9%. Manufacturers are hiking prices to cover soaring memory expenses. “It is certainly going to show up as higher prices for consumers,” said eMarketer analyst Jacob Bourne. Investors will be eyeing Apple’s Jan. 29 earnings and Dell’s on Feb. 26 for signs of how much demand is feeling the pinch. Reuters
Taiwan’s Compal, a major player in notebook and PC manufacturing, has signaled that the effects will persist. “It’s a true super cycle (in memory chips) that we haven’t really seen,” CEO Anthony Peter Bonadero said, noting memory chips could take up a much larger portion of a PC’s materials cost than usual. Reuters
Traders are keen to see if the momentum in global memory stocks spills over into Taiwan’s cash market on Monday. They’re also tracking if DRAM pricing talk holds steady, with suppliers focusing on high-bandwidth memory for AI accelerators. On the flip side, a slight dip in end-demand could quickly upend the pricing narrative.
Nanya’s next key event is its January operating revenue report, due by Feb. 10 as mandated for Taiwan-listed firms. Investors want to see if higher prices are actually boosting sales, not just making headlines. Taiwan Stock Exchange Regulations
