Tech sector set to rebound in second half of 2024


Kenanga Research said the Americas and the Asia-Pacific will lead the recovery this year.

PETALING JAYA: The technology sector is set to recover in the second half of this year driven by the increase in demand for memory and integrated circuits (IC).

Kenanga Research said it doesn’t expect the sector to experience a turnaround immediately given the year-end peak demand for electronics and vehicles was slightly underwhelming and the upcoming Chinese New Year break that will have some impact on demand.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Light at the end of the tunnel
Understanding the warrant of distress
Are convention halls still good investments?
Ringgit likely to trade cautiously between RM4.09 and RM4.11 vs US dollar next week
Strong momentum seen for Vietnam equities
Asset managers in risk-on mode
Rising DRAM prices may hit consumers
Asia-Pacific ratings hold firm
HK’s lure for key IPO investors
Fewer stocks spur IPO hunt

Others Also Read