Citigroup released a research report highlighting that ten mainland Chinese and Hong Kong technology companies participated in its 2026 Pan-Asia Conference in Singapore last week. Among the attending companies covered, Citigroup assigned Buy ratings to ASMPT, Luxshare Precision Industry Co.,Ltd., LENS, Omnivision Integrated Circuits Group, Inc., and CONANT OPTICAL. The key takeaways from the conference are as follows: (1) For the iOS supply chain, memory and foreign exchange headwinds are manageable, but pressure is noted for the second quarter of 2026; (2) Upcoming foldable smartphones will drive major hardware specification upgrades; (3) Demand for AI edge devices is gaining growth momentum, benefiting key manufacturers; (4) Visibility of AI smart glasses with displays is increasing; (5) AI demand is fueling a semiconductor recovery in data centers, networking, and automotive sectors, offsetting cyclical weakness; (6) Data center hardware demand is growing robustly, with suppliers expanding capacity for high-margin products; (7) AI software and IT services are experiencing rapid growth, shifting toward scalable, token-based monetization models to enhance profit margins.