Rerating catalyst likely for chip sector

TA Research said that global semiconductor sales suggested that the industry was into its 10th month of cyclical downcycle up to May.

PETALING JAYA: If past trends are any guide, the global semiconductor industry downturn will likely bottom out in the latter part of this year or in the first half of 2024 (1H24), according to TA Research.

The research house said while the cyclical downcycle remains prevalent over the immediate term, historical trends suggest that the industry has passed beyond the midpoint of a downcycle.