Kelington rides on semiconductor upcycle

Kelington Yap qtcht

AMIDST the coronavirus-induced market sell-off in 2020, local semiconductor stocks shone on the back of robust demand for chips as lockdowns and travel restrictions prompted consumers to buy more smartphones and electronic devices.

Analysts expect prospects for the sector, which saw sales rising more than a quarter over a year to US$43.6bil (RM184.19bil) in May, to remain healthy as the push towards digitalisation and the adoption of new technologies continue to support chip demand.