PETALING JAYA: An average of 8% year-on-year (y-o-y) sales growth can be expected for the Malaysian technology sector in the first quarter of this year (1Q24) as global semiconductor demand recovery remains on track for the year.
The growth in sales will be driven by higher utilisation amidst a pick-up in inventory replenishment in the supply chain and favourable foreign exchange movement following the appreciation in US dollar against the ringgit.
