Chip sector to shine bright in 2H

Nomura Asset Management UK's Kawamoto said the projection of US$1 trillion is sales by 2030 is “too low”.

PETALING JAYA: Analysts expect the technology sector to post a better second half (2H24) financial performance underpinned by an expected recovery in the consumer electronics segment goods and increased content of semiconductors in products, helped by artificial intelligence (AI)-driven demand.

While Malaysia is known to be a key player in the global semiconductor supply chain, positioning itself at the sixth place of the largest global exporter for the electronic and electronics and semiconductor industry, listed local players posted weaker earnings in 2023 despite Big Tech posting record earnings and making sizeable investments in AI.