1100 GMT - Asia is the backbone of the global AI development, Saxo chief investment strategist Charu Chanana says in a note. Roughly 70% of global chip-making, 90% of AI memory, and almost all advanced packaging capacity sit in Taiwan, Korea and Japan, the strategist says. As investors shift their focus from "who builds the smartest AI" to "who supplies the tools," Asia's enablers may represent the value side of the AI trade, she notes. Key Asian hardware suppliers--from TSMC to SK Hynix to Samsung--form the "throughput stack" that converts AI investment into computing capacity, the strategist says. "Asia sits on the capex inflow, not the outflow." (sherry.qin@wsj.com)

(END) Dow Jones Newswires

November 12, 2025 06:00 ET (11:00 GMT)

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