Demand from auto and AI to lift chip industry


MIDF Research said it was maintaining its “neutral” stance as the automotive and artificial intelligence-related market could bring in a larger proportion of total sales.

PETALING JAYA: MIDF Research expects a stronger second quarter for the technology sector as the semiconductor industry is poised to recover this year.

In its “Awaiting the cuts 2Q24 market outlook”, the research house said it was maintaining its “neutral” stance as the automotive and artificial intelligence (AI) related market could bring in a larger proportion of total sales.

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