Chip sector on steady growth path

Global semiconductor sales in October grew 24% year-on-year to another record high of US$48.8bil (RM206bil).

KUALA LUMPUR: The semiconductor sector is expected to continue benefitting from the global structural growth in chip demand amid the ongoing acceleration in digitalisation.

This is also boosted by the proliferation of emerging technologies such as 5G, artificial intelligence, cloud computing, Internet of Things and robotics during the Covid-19 pandemic, according to TA Securities Research.