KUALA LUMPUR: CGS-CIMB Securities Sdn Bhd forecasts the Malaysian semiconductor sales and net profit to rise 13% and 39%, respectively, this year on the back of higher utilisation.
In a research note, the brokerage said net profit growth is expected to be propelled by radio-frequency (RF) content expansion in 5G networks and smartphones, recovery in automotive sector and robust demand for cloud infrastructure services.
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