Positive industry outlook

GLOBAL chip sales increased 21.1% year-on-year (y-o-y) in April 2022 to US$50.9bil (RM227bil) and shows little signs of abating.

The World Semiconductor Trade Statistics (WSTS), a body that tracks the industry, projects global chip sales for 2022 to rise by 10.4% y-o-y to a record high of US$613.5bil (RM2.73 trillion).