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NOK - Korea IT H/W: Key Takeaways From Our Q4 2019 Visits To Japan/Taiwan
Nokia Corporation Sponsored American Depositary Shares
2020 hyperscale server demand to grow 11% YoY; DRAM contract prices to pick up from 2Q20
We visited major IT H/W companies in Taiwan and Japan from Nov 11 to 15 to examine the key issues of the IT H/W sector. Through the visits we found that: 1) 2020 demand for finished products is expected to stagnate but hyperscale demand should grow 11% YoY on expanding 5G services and data center demand, helping to drive DRAM prices higher; 2) Samsung Electronics (SSNLF) will gain more prowess in the smartphone space with its foldable