Recovery in global chip industry to benefit SAM

HLIB Research said SAM’s aerospace business turned the corner in the third quarter.

PETALING JAYA: Sam Engineering & Equipment (M) Bhd’s core businesses are set to benefit from a recovery in the global semiconductor and aerospace industries.

According to HLIB Research, the semiconductor industry is recovering from the inventory correction cycle while global air passenger travel has recovered to pre-Covid-19 pandemic levels.