computers may or may not have the processing ability higher than chord dacs but ,
1) any upsampling software would require to present the upsampled stream in a way to be acceptable by the dac that is decimation to 24/ 32 bit and certain maximum sample rate supported by the dac which is currently limited to 768khz and that too only for few dacs. inside the chord dacs there is no such limitation and stream is converted to much higher sampling rate in such a way which is directly "consumed" by the pulse array dac.
2) i am not expert but what i could gather from chord dacs thread that WTA algorithm uses much more parallel processing power in real time. computers might have more processing power but for computers it is not possible to process in parallel in real time and stream to the dacs for the simple reasons mentioned above ie due to the practical limitations of upsamplimg softwares .
3) chord dacs implement much more than just upsampling including sophisticated noise filtering too.
4) i have myself tested hq player upsampling with most demanding settings and to my ears bit perfect data to mojo sounded more natural than upsampled data fed to mojo though hq player.
5) even with best and most demanding sinc filter in hq player set to 768hz to mojo, the i7 processor of my laptop used only 7% or so cpu which means even after the highest possible useable upsampling in hq player there was nothing which demanded very high processing power and you can't go beyond that.
6) many people use hq player to process pcm to dsd256 or even above to feed their so called native dsd dacs which claim to handle the dsd stream natively with simple low pass filter. this pcm to dsd256 and above processing is most demanding for the computers and obviously is not needed for chord dacs as chord dacs process the dsd stream via an algorithm instead just low pass filtering .
7) i even resampled a 44.1khz file to 176.4khz in sony sound forge using izotope 64 bit resampler with highest settings, saved the file and played through mojo /hugo. the sound initially sounded a bit more open but after some time it became clear that it was not natural as compared to direct bit perfect transfer to mojo/hugo.
in fact somewhere in this forum rob watts himself has clarified on this matter.