Global chip market on upward trajectory

PETALING JAYA: Analysts expect sentiment in the local semiconductor sector to improve further, underpinned by an anticipated healthy recovery in global demand and increasing trade diversion opportunities as a result of the China Plus One strategy.

TA Research said the global semiconductor market continued its upward trajectory in April when sales grew by 15.8% year-on-year (y-o-y) to US$46.4bil.