Semiconductor sectory recovery likely in 2024

CGS-CIMB Research said the capacity expansion undertaken by industry players, coupled with a decline in customer confidence, could continue to weigh on the sector’s outlook. — Reuters

PETALING JAYA: The semiconductor industry is likely to experience a recovery in 2024 as the current inventory glut may take more time to reverse, according to CGS-CIMB Research.

Given the current surge in tech stocks’ share prices, investors are anticipating a rebound through the second half of 2023.