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Credit Suisse to host 16th Asian Technology Conference

Credit Suisse to host 16th Asian Technology Conference

Taipei, Sept. 6 (CNA) Swiss bank Credit Suisse Group AG will open its annual Asian Technology Conference in Taipei Wednesday, corresponding with Apple Inc.'s new product launch and the release of new computers running the Windows 10 system. The 16th Credit Suisse Asian Technology Conference, scheduled for Sept. 9-11, is one of Asia's largest tech conferences. This year's line-up includes 98 companies at the Taipei event, as well as over 20 other companies that will have a presence during its pre-tours. The conference attendees span all the major foundry, back-end and fabless companies, key original design manufacturers (ODMs), memory chip makers, branded PC companies, display and touch suppliers, handset makers, and equipment companies from the Greater China region. The Swiss bank said it will also host non-Asian tech suppliers, including Amkor, Austria Tech, Dialog Semi and Silicon Motion. This year's Asian Technology Conference comes at a "critical time" after significant global market corrections have taken several stocks to their lowest levels in 15 years, said Manish Nigam, head of Asia Technology Research at Credit Suisse. "The year so far has been met by some disappointment as currency volatility, weakness in emerging markets and a slowdown in product cycles have impacted consumer tech demand across PCs, tablets, smartphones and TVs and lifted semiconductor inventories near historical highs," Nigam said. "The conference should provide a good overview on whether the sell-off (of stocks) creates buying opportunities or reasons to stay concerned," he wrote in a note to clients dated Sept. 1. The Taipei event also corresponds with Apple's fall product refresh set for Sept. 9 in California and soon after new Windows 10-based PCs were unveiled at Europe's biggest consumer electronics show, IFA, in Berlin Sept. 4-9, according to Nigam. "Thus, the Asian Technology Conference should provide a quick feedback loop on the supply-chain expectations for those products and implications for the companies in the smartphone and PC supply chains," Nigam said. "Elsewhere, a host of tech and non-tech Taiwan companies can provide a broader view on tech product cycles, macro demand, and the outlook for the Taiwan domestic economy," the analyst added. (By Jeffrey Wu)


Updated : 2021-09-24 05:36 GMT+08:00