A European foreign institution upgraded Nanya Technology's rating and raised its target price from 105 yuan to 156 yuan, citing strong memory market demand that drove Q2 revenue in line with expectations. The institution expects momentum to continue through H2 2026, with SiPh/optical bumps technology driving revenue growth in 2027.
Memory packaging and testing demand remains robust through 2026, with silicon photonics technology emerging as a growth driver for 2027.