KESM sees continued growth in automotive electronic segment

KUALA LUMPUR: KESM Industries Bhd is cautiously optimistic in the new financial year ending July 31, 2023 (FY23) as the worldwide semiconductor chip shortages as well as component shortages have not eased.

“While the consumer sector may slow down, the automotive segment will continue to record growth as semiconductor content per vehicle will increase due to the transition to electric and autonomous vehicles