Globetronics warns of decline in profitability

PETALING JAYA: Globetronics Technology Bhd acknowledges that 2023 would be a challenging year and it expects to experience a decline in profitability.

This is in line with the semiconductor industry, which is currently facing supply chain disruptions, uncertain end demand, rising inflation and manpower shortages as a result of the challenging macroeconomic and geopolitical issues.