Malaysian chip companies post strong quarterly earnings


Positive outlook: Unisem’s net profit expanded 29.4 to RM44.9mil in the first quarter from a year ago, while revenue increased 13.4 to RM360.25mil.

PETALING JAYA: Unisem (M) Bhd and Globetronics Technology Bhd have registered strong growth in the first quarter ended March 31 on strong demand for their products from overseas.

Consumer hunger for new gadgets and the explosive growth of the Internet of Things have boosted revenues and profits across the global electronics supply chain.

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Business , Unisem , chip , Malaysia , foreign , demand ,

   

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