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.

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