Outlook remains bullish for chip sector

TA Securities Research has “buy” calls on all companies under its semiconductor universe including Inari Amertron Bhd, Unisem (M) Bhd, Malaysian Pacific Industries Bhd (MPI) and Elsoft Research Bhd. The target prices for Inari, Unisem, MPI and Elsoft are RM4.25, RM11.80, RM60.85 and RM1.25 respectively.

PETALING JAYA: The strong showing of the semiconductor sector is unlikely to stop anytime soon as chip demand remains robust and global digitalisation efforts accelerate further.

TA Securities Research, which remains bullish on the sector, said the demand for chips will continue to grow amid the Covid-19 pandemic and the proliferation of emerging technologies like 5G, artificial intelligence, cloud computing, Internet of Things and robotics.