Taiwan's AI memory boom is minting new winners, and a fast-growing chip designer is about to test investor appetite at a rich price.

• Puding Technology, an AI memory design house, lists on Taiwan's emerging stock board on the 16th at a reference price of NT$740.
• Its numbers are exploding: first-half 2026 sales nearly tripled from a year earlier, and profit was almost triple all of last year's.
• The driver is AI models getting bigger, which forces demand for faster, cooler, lower-delay memory built with 3D stacking.
• Profit margins jumped from the mid-40s to nearly 70%, helped by a shift toward high-value design services and licensing.
• The rest of Taiwan's chip sector is running hot too, with UMC, MediaTek and testing firm KYEC all surging and the local currency strengthening as the Fed sounds ready to cut.

Outlook: Expect a heavily oversubscribed debut, though foreign investors just turned net sellers of Taiwan stocks after four weeks of buying, hinting the rally is getting stretched.