Apple’s move to cut orders may impact chip companies in Malaysia

A worker at MMS Ventures plant in Bayan Lepas checking the test equipment for the automotive and semiconductor industries produced by MMS Ventures. Star pic by: ZHAFARAN NASIB/The Star(file)

PETALING JAYA: There could be a one-off earnings decline effect in Malaysian semiconductor earnings this year due to a plan by Apple Inc to reduce orders by up to 20% in the second half of the year.

Citing industry sources, Japan-based The Nikkei reported that Apple is expecting to ship 80 million new iPhone models this year, which is lower than the 100 million of what it had planned at the same time last year.