JPMorgan's latest Asia-Pacific Technology Briefing reveals that Samsung's second-quarter profit reached a record 89.4 trillion KRW. However, the company faces short-term stock price pressure due to leveraged ETF liquidation and increased market volatility. Despite these challenges, NAND pricing is expected to rise by 20% quarter-over-quarter, with the memory cycle's direction remaining stable. The briefing also notes that TSMC's A14 process certification, anticipated between late 2026 and early 2027, will benefit Lasertec. Additionally, companies like Ebara, TEL, and Screen are increasing their market share in DRAM equipment. JPMorgan forecasts wafer fab equipment (WFE) growth of 28%, 29%, and 16% for 2026, 2027, and 2028, respectively. Meanwhile, a shortage in multilayer ceramic capacitors (MLCC) is expected in 2027, with Murata's Q1 operating profit projected at 90 billion JPY. The substrate industry is transitioning from BT to ABF, with Unimicron planning to reduce its BT capacity by half.