<div id="readability-page-1" class="page"><div>Ten Mainland Chinese and Hong Kong technology companies attended Citi's Pan-Asia Conference 2026 held in Singapore last week. Key takeaways are as follows: (1) For the iOS supply chain, memory and FX headwinds are manageable, but pressure has been noted since 2Q26; (2) Upcoming foldable smartphones will drive major hardware specification upgrades; (3) Demand for AI edge devices is gaining growth momentum, benefiting leading vendors; (4) Visibility for AI smart glasses equipped with displays is improving; (5) AI demand is propelling a recovery in semiconductors across data centers, networks and the automotive sector, offsetting cyclical weakness; (6) Data center hardware demand is growing strongly, with suppliers expanding capacity for high-margin products; (7) AI software and IT services are growing rapidly, shifting toward scalable token-based monetization models to enhance margins.Among the companies covered that attended the conference, Citi assigned Buy ratings to ASMPT (00522.HK) +20.000 (+10.834%) Short selling $269.56M; Ratio 14.267% , LUXSHARE PRECISION (002475.SZ) -2.250 (-3.012%) , LENS (06613.HK) +0.400 (+1.835%) Short selling $34.90M; Ratio 5.349% , OMNIVISION (603501.SH) -2.870 (-2.634%) and CONANT OPTICAL (02276.HK) +0.740 (+1.636%) Short selling $18.48M; Ratio 20.537% . (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-26 16:25.) (A Shares quote is delayed for at least 15 mins.)</div></div>

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FTXL

Citi's Pan-Asia Conference highlighted that AI demand is driving a recovery in semiconductors across data centers, networks, and automotive sectors, offsetting cyclical weaknesses. Key insights include manageable memory and FX headwinds for the iOS supply chain, growth in AI edge devices, and strong demand for data center hardware. Citi assigned Buy ratings to several companies, including ASMPT and LUXSHARE PRECISION.

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ASMPT

First Trust Nasdaq Food & Semicon

Citigroup

LUXSHARE-ICT

Lens

OmniVision Group

CONANT OPTICAL

CITIGROUP INC 6.250 NON CUM SER II PFD WI

OMNIVISION

Citi: AI Demand Boosts Semis Recovery in Data Centers, Networks, Autos, Offsetting Cyclical Weakness