Semicon in good shape

In its report, TA Securities said it was reiterating its “overweight” stance on the semiconductor sector.

PETALING JAYA: It looks like its good news for the semiconductor sector with the World Semiconductor Trade Statistics organisation raising its global semiconductor sales forecast for this year, backed by a healthy growth trajectory.

Factors contributing to such optimism include an acceleration in digitalisation for businesses, which inadvertently will require more chips produced by the sector.